Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning Direct Materials Inventory, ending Work in Process Inventory, beginning Work in Process Inventory, ending Direct labor Direct materials purchases Insurance, factory Depreciation, factory Depreciation, executive offices Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $ 64,000 $ 47,000 $ $ 28,000 23,000 $ 156,000 $ $ $ $ 220,000 $ $ $ 43,000 19,000 12,000 15,000 16,000 7,000 13,000 8,000

Rocket Company produces 5 mall gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFO, has presented you with the following cost information