Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. The company uses a job-order costing system in which overhead is applied to jobs on the basis of direct labor cost. Its predetermined overhead rate is based on a cost formula that estimated $85,500 of manufacturing overhead for an estimated activity level of $45,000 direct labor dollars. At the beginning of the year, the inventory balances were as follows: Raw materials Work in process Finished goods $10,300 $ 4,000 $ 8,500 During the year, the following transactions were completed: a. Raw materials purchased on account, $ 164,000. b. Raw materials used in production, $148,000 (materials costing $121,000 were charged directly to jobs; the remaining materials were Indirect). c. Costs for employee services were incurred as follows: Direct labor Indirect labor Sales commissions Administrative wlarios $ 157,000 $215,200 $ 29,000 $ 42,000 d. Rent for the year was $18,100 ($14,000 of this amount related to foctory operations, and the remainder related to selling and e. Utility costs incurred in the factory, 514,000 f. Advertising costs incurred, $13,000 9. Depreciation recorded on equipment, $22,000. (515,000 of this amount related to equipment used in factory operations, the remaining $7,000 related to equipment used in selling and administrative activities.) h. Record the manufacturing overhead cost applied to jobs Goods that had cost $229,000 to manufacture according to their job cost sheets were completed J. Sales for the year (all paid in cash) totaled $520,000. The total cost to manufacture these goods according to their job cost sheets was $220,000 Required: :51 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3A Reg 36 Reg 4 Prepare journal entries to record the transactions for the year. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations.) View transaction list Journal entry worksheet 11 Record the manufacturing overhead cost applied to jobs. Note Enter debits before credits Transaction Debt Credit General Journal Work in process Manufacturing overhead Record entry Clear entry View general journal