Worf Co. both purchases and constructs various equipment it uses in its operations. The following…

Worf 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 2014. Purchase Cash paid for equipment, including sales tax of $17,485 $367,185 Freight and insurance cost while in transit 6,994 Cost of moving equipment into place at factory 10,841 Wage cost for technicians to test equipment 13,988 Insurance premium paid during first year of operation on this equipment 5,246 Special plumbing fixtures required for new equipment 27,976 Repair cost incurred in first

Worf 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 2014. Purchase Cash paid for equipment, including sales tax of $17,485 $367,185 Freight and insurance cost while in transit 6,994 Cost of moving equipment into place at factory 10,841 Wage cost for technicians to test equipment 13,988 Insurance premium paid during first year of operation on this equipment 5,246 Special plumbing fixtures required for new equipment 27,976 Repair cost incurred in first year of operations related to this equipment 4,546 Construction Material and purchased parts (gross cost $699,400; failed to take 1% cash discount) $699,400 Imputed interest on funds used during construction (stock financing) 48,958 Labor costs 664,430 Allocated overhead costs (fixed-$69,940; variable-$104,910) 174,850 Profit on self-construction 104,910 Cost of installing equipment 15,387 Compute the total cost for each of these two pieces of equipment. Purchase equipment $’

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