Baab Corporation is a manufacturing firm that uses job-order costing. Ihe company's inventory balances were as follows at the beginning and end of the year: Ending Balance Beginning Raw materials Work in process Finished Goods Balance $ 14,800 S 22,800 $ 27,800 $ S 62,800 S 77,800 9800 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 33,800 machine-hours and incur $290,680 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased, $315,800 Raw materials were requisitioned for use in production, $307,800 ($280,200 direct and $27,600 indirect) The following employee costs were incurred: direct labor, $377,800; indirect labor, $96,800, and administrative salaries, $172,800 Selling costs, $147,800 Factory utility costs, $10,800 Depreciation for the year was $175,000 of which $170,000 is related to factory operations and $5000 is related to selling, general, and administrative activities Manufacturing overhead was applied to jobs. The actual level of activity for the year was 34,160 machine-hours Sales for the year totaled $1,310,000 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 places) Direct Materials used in Production Direct Labor Total Manufacturing Costs Cost of Goods Manufactured S377,800 Adjusted Cost of Goods Sold Total Selling and Admin Exp Operating Income S325,600