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Ortanique, Inc., produces and sells wireless reading devices. A competitor, Nile Electronic Products, sells similar wireless reading devices that it purchases at wholesale from Sanguine for $75 each. Both sell the devices for $190. In 20x9 Ortanique produced 13,000 devices at the following costs: (Click the icon to view Ortanique's costs.) Assume that Ortanique had no beginning inventory of direct materials. Neither company had any beginning inventory of finished devices, but both had ending inventory of 3,000 finished devices. Ending work-in-process inventory for Ortanique was negligible. Each company sold 10,000 devices for $1,900,000 in 2009 and incurred the following selling and administrative costs: x Data Table Click the icon to view the selling and administrative costs.) Read the requirements $ Requirement 1. Prepare the inventories section of the balance sheet for December 31, 20X9, for Nile. Sales salaries and commissions Depreciation on retail store Advertising 95,000 35,000 25,000 15,000 Inventories section of the balance sheet for Nile Data Table Other $ 170,000 Total selling and administrative cost $ 510,000 Direct materials purchased Direct materials used $ Print Done 465,000 250,000 Direct labor Indirect production: Depreciation Indirect labor $ 45,000 25,000 Other 190,000 260.000 $ 975,000 Total cost of production Print Done

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