12) Kahanaoi Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Beginning inventories: Raw materials $ 38,000 Work in process $ 16,000 Finished goods $ 39,000 Estimated total manufacturing overhead $ 708,000 at the beginning of the year Estimated direct labor-hours at the beginning of the year Results of operations: 48,000 direct labor- hours. Raw materials purchased on account $ 453,000 Raw materials (all direct) Direct labor cost. $ 417,000 requisitioned for use in production $ 545,000 Actual direct labor-hours 46,000 direct labor- hours Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Selling and administrative: Selling and administrative salaries Other selling and administrative expenses Cost of goods manufactured $ 151,000 $ 449,000 W $ 193,000 $ 355,000 $ 1,568,000 Sales revenue Cost of goods sold (unadjusted) $ 2,489,000 $ 1,498,000 Required: a. What is the ending balance in Raw Materials? b. What is the total amount of manufacturing overhead applied to production during the year? c. What is the total manufacturing cost added to Work in Process during the year? d. What is the ending balance in Work in Process? e. Is manufacturing overhead overapplied or underapplied for the year? By how much? f. What is the cost of goods available for sale during the year? g. What is the adjusted cost of goods sold for the year? h. What is the gross margin for the year? i. What is the net operating income for the year? (bad authe