Teal Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year 2017.
| Purchase |
| Cash paid for equipment, including sales tax of $5,300 |
$111,300 |
| Freight and insurance cost while in transit |
2,120 |
| Cost of moving equipment into place at factory |
3,286 |
| Wage cost for technicians to test equipment |
4,240 |
| Insurance premium paid during first year of operation on this equipment |
1,590 |
| Special plumbing fixtures required for new equipment |
8,480 |
| Repair cost incurred in first year of operations related to this equipment |
1,378 |
| |
| Construction |
| Material and purchased parts (gross cost $212,000; failed to take 2% cash discount) |
$212,000 |
| Imputed interest on funds used during construction (stock financing) |
14,840 |
| Labor costs |
201,400 |
| Allocated overhead costs (fixed-$21,200; variable-$31,800) |
53,000 |
| Profit on self-construction |
31,800 |
| Cost of installing equipment |
4,664 |
Compute the total cost for each of these two pieces of equipment.