1. What is the ending balance of raw materials

2. What is the journal entry to record the transfer of completed jobs in item g.

3. What is the ending balance of work in process

4. What is the total amount of actual manufacturing overhead cost incurred during the year

5. What is the manufacturing overapplied overhead for the year?

6. What is the cost of goods available for sale during the year.

7. Record the cost of golds sold to the customer in a journal entry

8. What is the ending balance in finished goods?

9. Adjusted cost of golds sold for the year?

10. What is the gross margin for the year .

11. What is the net operating income for the year ?

equired information he following information applies to the questions displayed below.] unnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances Check ere as follows: Raw materials 63,000 Work in process 22,200 Pinished goods 52,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the companys predetermined overhead rate of $11.50 per direct labor-hour was based on a cost formula that estimated $460,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $618,000. b. Raw materials use in production, $569,400. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor $410,000, indirect labor, $150,000; selling and administrative salaries, $338,000. d. Incurred various selling and administrative expenses (e.g, advertising, sales travel costs, and finished goods warehousing), $382,000. e. Incurred various manufacturing overhead costs (e.g, depreciation, insurance, and utilities), $310,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 dir ect labor-hours on all jobs during the year g. Jobs costing $1,372,6 00 to manufacture according to their job cost sheets were completed during the year. ere sold on account'to customers during the year for a total of $3,202,500. The jobs cost $1,382,600 to manufacture according to their job cost sheets Next >