6 Part 6 of 15 Required information The Foundational 15 (L03-1, LO3-2, L03-3, L03-4) (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: 0.5 points 2013 Baw materials Work in proces Finished goods $ 50,500 $ 25,000 $ 38,100 Book The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: Files Print References a. Raw materials were purchased on account, $592,000. b. Raw materials used in production, $557,000. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $420,000, indirect labor, $150,000, selling and administrative salaries, $295.000 d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousingi. $381,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities). $320,000. 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 $1.399,450 to manufacture according to their job cost sheets were completed during the year. 1. Jobs were sold on account to customers during the year for a total of $2.925,000. The jobs cost $1.409,450 to manufacture according to their job cost sheets. Foundational 3-6 6. What is the journal entry to record the transfer of completed jobs that is referred to in item g above? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction line Journal entry worksheet