Michael Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted:
Work-in-Process Inventory (January 1)
$ 140,400
Work-in-Process Inventory (March 31)
171,000
Finshed Goods Inventory (January 1)
540,000
Finshed Goods Inventory (March 31)
510,000
Direct Materials Used
420,000
Indirect Materials Used
84,000
Direct Manufacturing Labor
480,000
Indirect Manufacturing Labor
186,000
Property Taxes on Manufacturing Plant Building
28,800
Salespersons' Company Vehicle Costs
12,000
Depreciation of Manufacturing Equipment
264,000
Depreciation of Office Equipment
123,600
Miscellaneous Plant Overhead
135,000
Plant Utilities
92,400
General Office Expenses
28,800
Marketing Distribution Costs
30,000
Calculate the amount of period cost.
$194,400
$164,400
$471,000
$165,600
