5. What is the total manufacturing cost added to Work in Process for this year? 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 journol entry required" in the first account field. Journal entry worksheet Required information [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 $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 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, $510,000. b. Raw materials used in production, $480,000. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $600.000; indirect labor, $150,000; seling and administrative salaries, $240,000. d. Incurred various selling and administrative expenses ( eg, advertising. sales travel costs, and finished goods warehousing). $367,000. e Incurred various manufacturing overhead costs (e.9. depreciation, insurance, and utilities), $500,000 t. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year 9. Jobs costing $1,680,000 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 $2,800,000. The jobs cost $1,690,000 to manufacture according to their job cost sheets. 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 tronsoction/event, select "No journal entry required" in the first occount field. Journal entry worksheet Record the manufactured goods completed during this year. Mote: Enter debits before credits