E$10\mathrm{.}4$B $($LO $1)($Purchase and Self$-$Constructed Cost of Assets$)$ Dade 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

Cost to hire technicians to test equipment

Cash paid for equipment, including sales tax of $$31,000$

Freight and insurance cost while in transit

Cost of moving equipment into place at factory

Special electrical wiring required for new equipment

Repair cost incurred in first year of operations related to this equipment

Insurance premium paid during first year of operation on this equipment

Construction

Cost of installing equipment

Material and purchased parts $($gross cost $$100,000$; failed to take $2\%$ cash discount$)$

Labor costs

Allocated overhead costs $($fixed$-$$$11,000$; variable$-$$$17,000)$

Imputed interest on funds used during construction $($stock financing$)$

Profit on self$-$construction

$ $10,000$

$522,500$

$7,000$

$2,850$

$3,200$

$500$

$1,500$

$ $6,500$

$100,000$

$76,700$

$28,000$

$7,500$

$52,600$

Instructions

Compute the total cost for each of these two pieces of equipment. If an item is not capitalized as a cost of the equipment, indicate how it should be reported.