The following events took place for Chi-Lite Inc. during June 2016, the first month of operations as a producer of road bikes:

	Purchased $399,560 of materials.
	Used $342,540 of direct materials in production.
	Incurred $290,100 of direct labor wages.
	Applied factory overhead at a rate of 73% of direct labor cost.
	Transferred $818,820 of work in process to finished goods.
	Sold goods with a cost of $796,000.
	Sold goods for $1,400,110.
	Incurred $313,290 of selling expenses.
	Incurred $125,090 of administrative expenses.

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