Gold Nest Company of Guandong. Chino, is a family-owned enterprise that makes birdcages foc the South China market. The company sells its birdcages through an extensive network of street vendors who recelve commissions on their sales. The company uses a job-order costing system in which ovethead is applied to jobs on the basis of direct lobor cost. its predetermined overhead rate is based on a cost formula that estimated $84,000 of manufocturing overhead for an estimated activity level of $40,000 direct labor dollars. A! the beginning of the year, the inventory balances were as follows: During the year, the following transactions were completed: a. Row materials purchased on account, $162.000 b. Raw materials used in production, $141,000 (materials costing $126,000 were charged directly to jobs; the remaining materials were indirect). c. Costs for employee services were incurred as follows: d. Rent for the year was $18,200 ( $13,200 of this amount related to factory operations, and the remainder related to selling and odministrative activities) e. Utility costs incurred in the factory, $14,000. t Advertising costs incurred, $11,000 9. Depreciation recorded on equipment, $21,000. ($15,000 of this amount related to equipment used in factory operations; the remaining $6,000 related to equipment used in selling and administrative activities) h. Manufocturing overthead cost wis applied to jobs, $ ? L. Goods that had cost $228,000 to manufocture according to their job cost sheets were completed. If Sales for the year (ali paid in cash) totaled $516,000. The total cost to manufacture these goods according to their job cost sheets was $219,000 Gold Nest Company of Guandong. Chino, is a family-owned enterprise that makes birdcages foc the South China market. The company sells its birdcages through an extensive network of street vendors who recelve commissions on their sales. The company uses a job-order costing system in which ovethead is applied to jobs on the basis of direct lobor cost. its predetermined overhead rate is based on a cost formula that estimated $84,000 of manufocturing overhead for an estimated activity level of $40,000 direct labor dollars. A! the beginning of the year, the inventory balances were as follows: During the year, the following transactions were completed: a. Row materials purchased on account, $162.000 b. Raw materials used in production, $141,000 (materials costing $126,000 were charged directly to jobs; the remaining materials were indirect). c. Costs for employee services were incurred as follows: d. Rent for the year was $18,200 ( $13,200 of this amount related to factory operations, and the remainder related to selling and odministrative activities) e. Utility costs incurred in the factory, $14,000. t Advertising costs incurred, $11,000 9. Depreciation recorded on equipment, $21,000. ($15,000 of this amount related to equipment used in factory operations; the remaining $6,000 related to equipment used in selling and administrative activities) h. Manufocturing overthead cost wis applied to jobs, $ ? L. Goods that had cost $228,000 to manufocture according to their job cost sheets were completed. If Sales for the year (ali paid in cash) totaled $516,000. The total cost to manufacture these goods according to their job cost sheets was $219,000