The amount of research and development costs charged to Hall's 203 income statement should be

Hall Co. incurred research and development costs in as follows: Materials used in research and development projects $ 450,000 Personnel costs of persons involved in research and development projects 750,000 Equipment acquired that will havalternate future uses in future research and development projects Depreciation for 20X3 on above equipment Consulting fees paid to outsiders for research and development projects Indirect costs reasonably allocable to research and development projects The amount of research and development costs charged to Hall's income statement should be: 500,000 300,000 225 ooo