ABC Company recorded the following informati on related to their inventory accounts for 2019: January 1, 2019 Dec ember 31, 2019 50,000 Direct materials 37,000 Work in process 38,000 41,000 Finished goods 22,000 35,000 ABC Company's accounting records for 2019 dicated the following in costs had been incurred: Direct materials purchased … $124,000 Depreciation, factory equipment 30,000 Direct labor 97,000 Utilities.. 18,000 Sales commissions…. 65,000 Indirect materials…. 25,000 Depreciation, office equipment 17,000 Production supervisor's sa la ry 76,000 Advertising… 61,000 60% of the uti li ties relate to the factory w hile 40% of the utilities relate to the general office build ing. Calculate the total period costs incurred du ring 2019
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