Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the companys inventory balances were as follows:

Raw materials	$	19,000
Work in process	$	10,000
Finished goods	$	30,000

The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 36,600 machine-hours and incur $161,406 in manufacturing overhead cost. The following transactions were recorded for the year:

a.	Raw materials were purchased on account: $212,000.
b.	Raw materials were requisitioned for use in production: $196,000 (80% direct and 20% indirect).
c.	The following costs were incurred for employee services:

Direct labour	$	164,900
Indirect labour	$	28,200
Sales commissions	$	37,800
Administrative salaries	$	82,400

d.	Heat, power, and water costs were incurred in the factory: $44,700.
e.	Prepaid insurance expired during the year: $13,000 (85% relates to factory operations, and 15% relates to selling and administrative activities).
f.	Advertising costs were incurred, $53,000.
g.	Depreciation was recorded for the year: $63,600 (90% relates to factory operations, and 10% relates to selling and administrative activities).
h.	Manufacturing overhead cost was applied to production. The company recorded 41,200 machine-hours for the year.
i.	Goods that cost $506,500 to manufacture according to their job cost sheets were transferred to the finished goods warehouse.
j.	Sales for the year totalled $728,000 and were all on account. The total cost to manufacture these goods according to their job cost sheets was $500,000.