The following accounting events affected Nelson Manufacturing Company during its first three years of operation. Assume that all transactions are cash transactions. Transactions for 2013 1. Started manufacturing company by issuing common stock for $3,900. 2. Purchased $1,210 of direct raw materials. 3. Used $800 of direct raw materials to produce inventory. 4. Paid $330 of direct labor wages to employees to make inventory. 5. Applied $290 of manufacturing overhead cost to Work in Process Inventory. 6. Finished work on inventory that cost $940. 7. Sold goods that cost $610 for $1,180. 8. Paid $340 for selling and administrative expenses. 9. Actual manufacturing overhead cost amounted to $220 for the year.