Business, 06.05.2020 03:06, heiddy0122

Tamarisk 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 2020. 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.

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Tamarisk Co. both purchases and constructs various equipment it uses in its operations. The followin...