Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Ending Balance Balance Raw materials Work in process Finished Goods $14,950 22,950 9950 $62,950 $ 77,950 $ 27,950 $ The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,950 machine-hours and incur $302,155 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased, $315,950. Raw materials were requisitioned for use in production, $307,950 ($280,050 direct and $27,900 indirect). The following employee costs were incurred: direct labor, $377,950; indirect labor, $96,950; and administrative salaries, $172,950 Selling costs, $147,950 Factory utility costs, $10,950. Depreciation for the year was $184,000 of which $173,000 is related to factory operations and $11,000 is related to selling, general, and administrative activities. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 34,190 machine-hours. Sales for the year totaled $1,325,000. Required: Do not enter any commas (except for the pre-determined OH rate) and round to the nearest dollar Based on the data presented above, complete the following Table Pre-Determined OH Rate (round to 2 decimal laces) Direct Materials used in Production Direct Labor Total Manufacturing Costs Cost of Goods Manufactured Adjusted Cost of Goods Sold Total Selling and Admin Exp Operating Income $377,950 $331,900