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Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH verhead cost Molding Customizing 11,000 3,700 $38,500 $14,430 $ 3.00 $ 5.00 Total 14,700 $52,930 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Customizing machine-hours Job C Job M $16,800 $10,100 $23,500 $10,400 2,500 8,500 2,700 1,000 Required: Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Selling price for Job C Selling price for Job M Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $21,500 and the ending balance was $39,000. Raw materials purchases during the month totaled $66,000. Manufacturing overhead cost incurred during the month was $112,500, of which $2,300 consisted of raw materials classified as indirect materials. The direct materials cost for May was: Multiple Choice 0 $66,000 0 $48,500 0 $83,500 0 $46,200 On November 1, Arvelo Corporation had $34,000 of raw materials on hand. During the month, the company purchased an additional $76,000 of raw materials. During November, $91,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,400. Prepare journal entries to record these events. Use those journal entries to answer the following questions: The credits to the Raw Materials account for the month of November total: Multiple Choice $91,000 $76,000 oooo $34,000 $110,000