Howle Manufacturing Company began operations on January1. 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.