Current Attempt in Progress Pharoah 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 $7,000 Freight and insurance cost while in transit $147,000 2.800 Cost of moving equipment into place at factory 4340 Wage cost for technicians to test equipment 5600 insurance premium paid during first year of operation on this equipment 2100 Special plumbing natures moured for new equipment 11,200 Repair cost incurred in first year of operations related to this equipment 1.020 Construction Material and purchased parts (gross cost $200,000 talled to take 2% cash discount imputed interest on funds used during construction (stock financing $200.000 19600 Labor costs 266.000 Allocated overhead costs (foed-$28.000 variabin-542.000 Profit on self-construction Cost of installing equipment 70.000 42.000 6160 10:20 AM 70F Mostly sunny AD Construction Material and purchased parts (gross cost $280,000; failed to take 2% cash discount) $280,000 Imputed interest on funds used during construction (stock financing) 19,600 Labor costs Allocated overhead costs (fixed-$28,000; variable-$42,000) Profit on self-construction Cost of Installing equipment 266,000 70,000 42,000 6.160 Compute the total cost to be capitalized for each of these two pieces of equipment. Purchase equipment $ Construction equipment $ eTextbook and Media Attempts: 0 of 2 used Submit