Bakerston Company 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 Raw materials 5.800 32,000 S 14.600 Work in Finished goods $120,000 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 17,400 ma rs and incur S201.000 in manufacturing overhead cost. The folowing transactions were recorded for the year Raw materials were purchased, $412.000 Raw materials were requistoned for use in production, $407.300 (S377.000 direct and S30,300 The folowing employee costs were incurred: dinect labor $332.000: indirect labor, $71.000; and administrative salanes, S150,000. costs, $115,000. Factory utility costs, $29.000 for the year was $124 000 of which s113.000 is related to factory operations and s11.000 related to seling, general, and administrative activities. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 14.400 machine-hours. Sales for the year totaled s1.289,000 a. Prepare a schedule of oost of goods manufactured in good form. Do not round predetermined overhead rate. Input all amounts as positive values. Omit the "S" sign your Schedule of Cost of Goods Manufactured Direct materials raw materials 11100 Purchases of raw materials 412000 Total raw materials available Deduct Ending raw materials inventory Raw material used in production 407300 Ondrect materials included n manufacturing overhead 30300 377000 Direct labor Manufacturing overhead cost applied to work inprocess Total manufacturing oost Add Beginning workin process inventory Deduct Ending work in process inventory Cost of goods manufactured b Was the overhead underappled or overappled? By how much? (Do not round predetermined overhead rate input the amount as a positive value omit the s sign in your response. l Manufacturing overtesd (ckk to select) the company closes any underappled orovernppled ad to Cost of Goods sold, all amounts values omit the "s" sign in response Costa goods sold Se ng and administra ave to select Cick to select
