Hogle Corporation is a manufacturer that uses job-order costing. On January 1, the beginning of its fiscal year, the company's inventory balances were as follows: Work in process ...$15,000 .$30,000 The company applies overhead cost to jobs on the basis of machine-hours worked. For the current year, the company's predetermined overhead rate was based on a cost formula that esti- mated $450,000 of total manufacturing overhead for an estimated activity level of 75,000 machine- hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $410,000. Raw matcrials were requistioned for use in production, $380,000 6$360,000 direct materials and $20,000 indirect materials) c. The following costs were accrued for employee services: direct labor, $75,000: indirect labor d. Sales travel costs were $17,000. e. Utility costs in the factory were $43.000. S110,000; sales commissions, $90,000; and administrative salaries, $200.000. Hogle Corporation is a manufacturer that uses job-order costing. On January 1, the beginning of its fiscal year, the company's inventory balances were as follows: Work in process ...$15,000 .$30,000 The company applies overhead cost to jobs on the basis of machine-hours worked. For the current year, the company's predetermined overhead rate was based on a cost formula that esti- mated $450,000 of total manufacturing overhead for an estimated activity level of 75,000 machine- hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $410,000. Raw matcrials were requistioned for use in production, $380,000 6$360,000 direct materials and $20,000 indirect materials) c. The following costs were accrued for employee services: direct labor, $75,000: indirect labor d. Sales travel costs were $17,000. e. Utility costs in the factory were $43.000. S110,000; sales commissions, $90,000; and administrative salaries, $200.000