Knight Company reports the following costs and expenses in May.   Factory utilities $17,256   Depreciation on factory equipment $12,908   Depreciation on delivery trucks $4,025   Indirect factory labor $53,079   Indirect materials $84,719   Direct materials used $142,670   Factory manager's salary $8,399   Direct labor $72,344   Sales salaries $49,163   Property taxes on factory building $3,381   Repairs to office equipment $1,614

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Knight Company reports the following costs and expenses in May.

 

Factory utilities $17,256

 

Depreciation on factory equipment $12,908

 

Depreciation on delivery trucks $4,025

 

Indirect factory labor $53,079

 

Indirect materials $84,719

 

Direct materials used $142,670

 

Factory manager's salary $8,399

 

Direct labor $72,344

 

Sales salaries $49,163

 

Property taxes on factory building $3,381

 

Repairs to office equipment $1,614

 

Factory repairs $2,617

 

Advertising $15,734

 

Office supplies used $3,274

 

From the information, determine the total amount of product costs.

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