Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor hours. Its predetermined overhead rate was based on a cost formula that estimated $380,000 of manufacturing overhead for an estimated allocation base of 1,000 direct labor-hours. The following transactions took place during the year: a. Raw materials purchased on account, $275,000. b. Raw materials used in production (all direct materials), $260,000. c. Utility bills incurred on account, $74,000 (95% related to factory operations, and the remainder related to selling and administrative activities) d. Accrued salary and wage costs: C Direct labor (1,100 hours) 305,000 $ 105,000 $ 185,000 Indirect labor Selling and administrative salaries e. Maintenance costs incurred on account in the factory, $69,000 f. Advertising costs incurred on account, $151,00o. g. Depreciation was recorded for the year, $87,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment) h. Rental cost incurred on account, $112,000 (85% related to factory facilities, and the remainder related to selling and administrative facilities) i. Manufacturing overhead cost was applied to jobs, $ ? j.Cost of goods manufactured for the year, $920,000 k. Sales for the year (all on account) totaled $1,950,000. These goods cost $950,000 according to their job cost sheets The balances in the inventory accounts at the beginning of the year were: Raw Materials $ 45,000 Work in Process 36,000 Finished Goods $ 75,000 Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 4B Req 5 Req 3 Req 4A Post your entries to T-accounts. (Don't forget to enter the beginning inventory balances above.) Sales Accounts Receivable Beg. Bal. Beg. Bal. End. Bal End, Bal. Raw Materials Cost of Goods Sold Beg. Bal, Beg. Bal. End. Bal. End. Bal. Work in Process Manufacturing Overhead Beg. Bal. Beg. Bal End. Bal. End. Bal. Finished Goods Advertising Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal, Accumulated Depreciation Utilities Expense Beg. Bal, Beg. Bal, End. Bal. End, Bal. Accounts Payable Salaries Expense Beg. Bal. Beg. Bal. End, Bal End, Bal. Salaries & Wages Payable Depreciation Expense Beg. Bal Beg. Bal. End. Bal End, Bal, Rent Expense Beg. Bal, End. Bal