Babb Company is a manufacturing firm. The company's inventory balances were as follows at the beginning and end of the year: 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 17,000 machine-hours and incur $272,000 in manufacturing overhead cost. The following transactions were recorded for the year a. Raw materials purchased: $416,000. b. Raw materials used in production: $376,000 direct and $36,000 indirect c. Direct labor: $330,000; administrative salaries $157,000 d. Depreciation on the administrative buildings was $7,000 e. The actual level of activity for the year was 15,000 machine-hours. Complete the T-accounts below. What was the total amount of cost of goods manufactured for the year