Current information for the Healey Company follows: 
All raw materials used were traceable to specific units of product.
-Healey Company's total manufacturing costs for the year are:
Definitions:
Deferred Income Taxes
Taxes applicable to income that is recognized in the financial statements in one period but is taxable in another.
Income Taxes Payable
The amount of income taxes a company owes to the government that has not yet been paid.
Income Tax Expense
The total amount of income tax a company is obligated to pay to tax authorities, reported in its financial statements.
Retained Earnings Account
A component of shareholders' equity that represents the accumulated portion of net income that a company has not distributed to shareholders as dividends.
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