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 $ 60,500 $ 20,800 $ 57,600 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 $11.25 per direct labor-hour was based on a cost formula that estimated $450,000 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, $622,000. b. Raw materials used in production, $591,800. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $400,000; Indirect labor, $150,000, selling and administrative salaries, $280,000. d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods Warehousing), $400,000. e. Incurred various manufacturing overhead costs (e....depreciation, insurance, and utilities), $300,000 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 $1,360,750 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 $3,330,000. The jobs cost $1,370,750 to manufacture according to their job cost sheets. Required: 1. What is the journal entry to record raw materials used in production? (If no entry is required for a transaction/event, se journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the raw materials used in production. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Journal entry worksheet 1 Record the raw materials used in production. Note: Enter debits before credits Transaction General Journal Debit Credit 1