The company spent the entire month of January working on a large order for 12,600 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: Raw materials purchased on account, $311,000. Raw materials used in production, $264,000 (80% direct materials and 20% indirect materials). Labor cost accrued in the factory, $153,000 (one-third direct labor and two-thirds indirect labor). Depreciation recorded on factory equipment, $63,800. Other manufacturing overhead costs incurred on account, $85,000. Manufacturing overhead cost was applied to production on the basis of 40,820 machine-hours actually worked during the month. The completed job for 12,600 custom-made machined parts was moved int