Torre Corporation incurred the following transactions. Purchased raw materials on account $46, 570. Raw Materials of $39, 380 were requisitioned to the factory. An analysis of the material requisition slips indicated that $6, 930 was classified as indirect materials. Factor labor costs incurred were $63, 320, of which $51, 320 pertained to factory wages payable and $12,000 pertained to employer payroll taxes payable. Time tickets indicated that $51, 250 was direct labor and $12, 070 was indirect labor. Manufacturing overhead costs incurred on account were $82, 750. Depreciation on the company's office building was $8, 740. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $93, 620 were completed and transferred to finished goods. Finished goods costing $80, 640 to manufacture were sold on account $113, 480