Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in precess Finished geeds 62,500 $23,200 $ 36,900 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetemined overhead rate of $11.00 per direct labor-hour was based on a cost formula that estimated $440,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: what is the ending balance in work in process

Bunnell Corporation is a manufacturer that uses job order costing On January 1, the company's inventory balances were as follows Raw materials Work in process Finished goods $ 62,500 $ 23,200 S 36,900 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 $11.00 per direct labor-hour was based on a cost formula that estimated $440,000 of total manufacturing overhead for an estimated activity level of 40.000 direct labor-hours. The following transactions were recorded for the year a. Raw materials were purchased on account, $694,000 b. Raw materials used in production, $644 800. All of of the raw materials were used as direct materials. The following costs were accrued for employee services: direct labor, $390,000 indirect labor, $150,000, selling and administrative salaries, $246,000 d. Incurred various selling and administrative expenses (eg advertising, sales travel costs, and finished goods Warehousing). $430,000 e Incurred various manufacturing overhead costs (eg, depreciation, insurance and utilities). $290,000 1. Manufacturing overhead cost was applied to production. The company actually worked 41.000 direct labor-hours on all jobs during the year Jobs costing $1,403,100 to manufacture according to their job cost sheets were completed during the year JOUS Uung ue year 9. Jobs costing $1,403,100 to manufacture according to their job cost sheets were completed during the year. h Jobs were sold on account to customers during the year for a total of $2,827,500 The jobs cost $1.413,100 to manufacture according to their job cost sheets. 7 What is the ending balance in Work In Process? Beg. Bali (b) (c) D Answer is not complete Work in Process 23.200 644 800 390,000 451,000 0 ol End Bal 1.509.000