Waterway purchased raw materials costing $$117,000$ on account.

Waterway used $$149,300$ of raw materials in production. Of these, $80\%$ were classified as direct materials and $20\%$ as indirect materials. $($Waterway maintains a single Raw Materials Inventory account.$)$

Waterway used $31,100$ hours of direct labor. The company's average direct labor rate was $$14$ per hour. $($credit Wages Payable$).$

The company's indirect labor cost was $$168,000($credit Wages Payable$).$

Other manufacturing overhead costs the company incurred on account totaled $$94,400.$

Waterway applied $$316,800$ in manufacturing overhead.

The company completed production of goods costing $$885,500.$

The company's Cost of Goods Sold balance was $$891,900$ before adjusting for over$-$ or underapplied overhead.

Sales revenue was $$1,060,000($all sales were made on account$).$

Waterway collected $$803,200$ from customers.

The company paid accounts payable of $$201,300.$

At year$-$end, all wages earned during the year had been paid.