The following information was taken from the accounting records of Mitchell Company for the last year: $140,000 90,000 Selling expenses Raw materials inventory, January 1st Raw materials inventory, December 31st Utilities, factory 60,000 36,000 Direct labour cost 150,000 162,000 Depreciation, factory Purchases of raw materials 750,000 Sales 2,500,000 40,000 15,000 Insurance, factory Supplies, factory Administrative expenses 270,000 300,000 Indirect labour 87,000 The following information was taken from the accounting records of Mitchell Company for the last year: $140,000 90,000 Selling expenses Raw materials inventory, January 1st Raw materials inventory, December 31st Utilities, factory 60,000 36,000 Direct labour cost 150,000 162,000 Depreciation, factory Purchases of raw materials 750,000 Sales 2,500,000 40,000 15,000 Insurance, factory Supplies, factory Administrative expenses 270,000 300,000 Indirect labour 87,000