The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs: Property taxes, factory $ 2,900 Utilities, factory 4,900 Indirect labor 10,000 Depreciation, factory 23,900 Insurance, factory 6,000 Total actual manufacturing overhead costs $ 47,700 Other costs incurred: Purchases of raw materials $ 32,500 Direct labor cost $ 40,000 Inventories: Raw materials, beginning $ 8,400 Raw materials, ending $ 6,600 Work in process, beginning $ 5,100 Work in process, ending $ 6,700 The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $5 per machine-hour; a total of 11,100 machine-hours was recorded for the year. All raw materials ultimately become direct materials