Skellington, Inc.$$s management made the following estimates:

overhead costs of $$210,000$; $10,500$ direct labor hours and direct labor costs of $$220,000.$ Management

chooses to apply overhead based on DL hours. Skellington had the following activities during its most

recent period:

a$.$ Purchased raw materials on account for $$140,000($both direct and indirect materials are recorded in the

Raw Materials Inventory account$).$

b$.$ Issued raw materials to production of $$130,000(80\%$ direct and $20\%$ indirect$).$

c$.$ Incurred and paid factory labor costs of $$250,000$ cash $($by using $7,000$ DL hours$)$ and allocated the factory

labor costs $(70\%$ direct and $30\%$ indirect$).$

d$.$ Incurred factory utilities costs of $$20,000$; this amount is still payable.

e$.$ Calculated & applied overhead

f$.$ Recorded factory depreciation, $$22,000.$

g$.$ Transferred completed product with a cost of $$400,000$ to finished goods.

h$.$ Sold products for $$350,000$ cash. It had a cost of $$275,000$

i$.$ Adjusted the FOH account.