Headland 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 $147,000
Freight and insurance cost while in transit 2,800
Cost of moving equipment into place at factory 4,340
Wage cost for technicians to test equipment 5,600
Insurance premium paid during first year of operation on this equipment 2,100
Special plumbing fixtures required for new equipment 11,200
Repair cost incurred in first year of operations related to this equipment 1,820
Construction
Material and purchased parts (gross cost $699,400; failed to take 1% cash discount) $699,400
Imputed interest on funds used during construction (stock financing) 48,958
Labor costs 664,430
Allocated overhead costs (fixed-$69,940; variable-$104,910) 174,850
Profit on self-construction 104,910
Cost of installing equipment 15,387
Compute the total cost for each of these two pieces of equipment.