Pro, Inc. had the following activities during its most recent period of operations:
a) Purchased raw materials on account for $140,000 (both direct and indirect materials are recorded in the raw materials inventory account).
b) Issued raw materials to production of $130,000 (80% direct and 20% indirect)
c) Incurred and paid factory labor costs of $250,000 cash; allocated the factory labor costs to production (70% direct and 30% indirect)
d) Incurred factory utilities costs of $20,000; this amount is still payable.
e) Applied overhead at 80% of direct labor costs.
f) Recorded factory depreciation, $22,000