Help Center? / / D Question 5 1 pts / 00 The Goods in Process Inventory account for AB Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Goods in Process Inventory in Process Inventory Beginning balance Direct materials 47,100 Direct labor 29,600 Finished goods Applied overhead 15,800 Ending balance 8,900 / / / / / / / / / / / / / / / The cost of units transferred to finished goods $97,000. $105,900 $88,100. aloo $95,200. $92,500 Question 18 1 pts Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record the purchase of materials is: Debit Raw Materials inventory $198,000; credit Accounts Payable $198,000. Debit Goods in Process Inventory $198.000; credit Accounts Payable $190,000 Debit Raw Materials Inventory $198.000; credit Goods in Process Inventory $198,000 Debit Goods in Process Inventory $195,000 credit Raw Materials Inventory $195,000. Debit Raw Materials Inventory $198.000, credit Finished Goods Inventory 5198,000