$1.$ What is the journal entry to record raw materials used in production?Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$2.$ What is the ending balance in Raw Materials?

$3.$ What is the journal entry to record the labor costs for this year?Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$4.$ What is the total manufacturing overhead applied to production for this year?

$5.$ What is the total manufacturing cost added to Work in Process for this year?

$6.$ What is the journal entry to record the transfer of completed jobs referred to in item g above?

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$7.$ What is the ending balance in Work in Process?

$8.$ What is the total actual manufacturing overhead cost incurred for this year?

$9.$ Is manufacturing overhead underapplied or overapplied for this year? By how much?

$10.$ What is the cost of goods available for sale for this year?

$11.$ What is the journal entry to record the cost of goods sold referred to in item h above? Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$12.$ What is the ending balance in Finished Goods?

$13.$ Assuming the company closes its underapplied or overapplied overhead to Cost of Goods Sold, what is the adjusted cost of goods sold for this year?

$14.$ What is the gross margin for this year?

$15.$ What is the net operating income for this year?Required information

question:

The following information applies to the questions displayed below.$]$

Bunnell Corporation is a manufacturer that uses job$-$order costing. On January $1,$ the company's inventory balances were

as follows:

The company applies overhead cost to jobs using direct labor$-$hours. For this year, the company's predetermined

overhead rate of $$15\mathrm{.}25$ per direct labor$-$hour was based on a cost formula that estimated $$610,000$ of total manufacturing

overhead for an estimated activity level of $40,000$ direct labor$-$hours. The following transactions were recorded this year:

a$.$ Raw materials were purchased on account, $$562,000.$

b$.$ Raw materials used in production, $$513,200.$ All of of the raw materials were used as direct materials.

c$.$ The following costs were accrued for employee services: direct labor, $$560,000$; indirect labor, $$150,000$; selling and

administrative salaries, $$249,000.$

d$.$ Incurred various selling and administrative expenses $($e$.$g$.,$ advertising, sales travel costs, and finished goods

warehousing$),$ $$401,000.$

e$.$ Incurred various manufacturing overhead costs $($e$.$g$.,$ depreciation, insurance, and utilities$),$ $$460,000.$

f$.$ Manufacturing overhead cost was applied to production. The company actually worked $41,000$ direct labor$-$hours on all

jobs during the year.

g$.$ Jobs costing $$1,614,850$ to manufacture according to their job cost sheets were completed during the year.

h$.$ Jobs were sold on account to customers during the year for a total of $$3,397,500.$ The jobs cost $$1,624,850$ to

manufacture according to their job cost sheets.

Required:

What is the journal entry to record raw materials used in production?

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.