Howle Manufacturing Company began operations on January 1. During the year, it started and completed 1,700 units of product. The company incurred the following costs.
| 1. |
Raw materials purchased and used-$3,150. |
| 2. |
Wages of production workers-$3,530. |
| 3. |
Salaries of administrative and sales personnel-$1,995. |
| 4. |
Depreciation on manufacturing equipment-$4,370. |
| 5. |
Depreciation on administrative equipment-$1,835. |
Howle sold 1,020 units of product.