The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials . . . . . . $ 15,000 Indirect labor . . . . 130,000 Property taxes, factory 8,000 Utilities, factory . . . . . 70,000 Depreciation, factory 240,000 Insurance, factory . . . . . . . . . 10,000 Total actual manufacturing overhead costs incurred $473,000 Other costs incurred: Purchases of raw materials (both direct and indirect) ...... . . $400,000 Direct labor cost . . . . . . . $60,000 Inventories: Raw materials, beginning $20,000 Raw materials, ending . . . . . . $30,000 Work in process, beginning . $40,000 Work in process, ending . . . . . . . $70,000 The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $25 per machine-hour. A total of 19,400 machine-hours was recorded for the year