The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 15,400 134,000 8,400 74,000 191,200 10,400 $433,400 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $404,000 64,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 20,400 30,400 40,400 70,400 The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 machine- hours were used during the year