Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw $40,000 materials Work in $18,000 process Finished $35,000 goods 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 $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 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, $510,000. b. Raw materials used in production, $480,000. All of of the raw materials were used as direct materials. C. The following costs were accrued for envoyee services direct labor. $600,000; indirect labor, $150.000: selling and administrative salaries. $240,000. d. Incurred various selling and administrative expenses (e.g. advertising, sales travel costs, and finished goods warehousing). $367000, e. Incurred various manufacturing overhead costs (eg. depreciation insurance and utilities). $500,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year e. Incurred various manufacturing overhead costs (eg, depreciation, insurance, and utilities). $500,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year g. Jobs costing $1,680,000 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 $2,800,000. The jobs cost $1,690,000 to manufacture according to their job cost sheets. Foundational 3-11 11. What is the journal entry to record the call of goods sold referred to in item h above? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ho View transaction list View journal entry worksheet No Transacti General Journal Debit Credit