Froya Fabrikket Als of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oll fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor hours is predetermined overhead rate was based on a cost formula the estimated $357,000 of manufacturing overhead for an estimated alocation base of 1.020 direct labor hours. The following transactions took place during the year a. Raw materials purchased on account, $260,000. b. Raw materials used in production all direct materials $245,000 c. Uity is incurred on account $71,000 (80% related to factory operations, and the remainder related to seling and administrative activities d. Accrued salary and wage costs Direct Lubar (1.135 hours) Lirect labor Selling and waistrative salaries $ 230,00 $ , e. Maintenance costs incurred on account in the factory. 500.000 Advertising CSS incurred on account $140.000 Depreciation was recorded for the year 184000 75 reled to factory equipment and the remainderelated to selling and adminive equipment n. Rema concurred on account, $109.000 (80% related to factory Facilities, and the remainderrested to wing and distrative facilisi Monocturing overhead coil was applied to jobs, 1. Cost of goods manufactured for the year 2000 Sales for year calon bccount tots ed 51100000 These goods cost $920000 according to their cost she The bwances in the entory accounts at the beginning of the year were Baterials war Le Find Goods 5.43. 133, 52. Resulred! 1. Prepareguinal en est record the preceding transactions 2. Post your enesto T-accounts. Don't forget to enter the beginning to the above 102 Next >