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[solution]: Knight Company reports the following costs and expenses in May.


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E1-4 Knight Company reports the following costs and expenses in May. Factory utilities$15,500Direct labor$69,100Depreciation on factory equipment12,650Sales salaries46,400Depreciation on delivery trucks3,800Property taxes on factory building2,500Indirect factory labor48,900Repairs to office equipment1,300Indirect materials80,800Factory repairs2,000Direct materials used137,600Advertising15,000Factory manager's salary8,000Office supplies used2,640 Instructions:(a) From the information, determine the total amount of manufacturing overhead.(b) From the information, determine the total amount of product costs.(c) From the information, determine the total amount of period costs.

 


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