For the year ended March 31, 2019, the job cost sheets of Walkers Inc contained the following data: 1. Raw material purchases $50,000 on account. 2. Raw Materials requisitioned for use in production was $40,000 ( $30,000 direct materials and $10,000 indirect). 3. The following employee costs were incurred: Direct labour $15,000, Indirect Labour $5,000. 4. Manufacturing overhead paid during the year was $95,000 all on account. 5. Manufacturing overhead is applied on a predetermined rate based on estimated direct labor hours. Estimated overhead of $100,000 and estimated direct labor hours of 8,000 were used to determine the rate. Actual hours for the year was 9,000 . 6. Cost of Goods Manufactured was $150,000. 7. Sales for the year totaled $225,000 and were all on account. The total cost of those products was $135,500 according to their job sheets. 8. Beginning Inventory numbers were as follows: Raw Materials $10,000 WIP \$15,000 Finished Goods Inventory \$25,000