Horton Company uses a job costing System, and manufacturing overhead is applied on the basis of machine hours. At the begiiming of the year, management estnnated that the company,r would incur $1,050,000 of manufacturing overhead costs and use 70,000 machine hours. Horton Companyr recorded the following events during the month of March. {a} Begimting balances: Raw materials inventory [RM]: Si 00,000 Work in process inventor}F {WIF}: $150,000 Finished goods inventorsF {His}: $30,000 {13} Purchased 200,000 kilograms of raw materials on account. The cost was $4.00 per kilogram. [c] Issued 50,000 kilograms ofmateriais to production. Assume all materials issued are at $4 per kilogram. [d] Incurred $250,000 of direct labour costs and $50,000 of indirect labour costs. {e} Recorded depreciation on equipment for the month, $13,000. {f} Recorded $42,000 of insurance costs for the manufacturing property. [g] Recorded $35,000 for utilities and other miscellaneous items for the manufacun-ing plant. (11} Completed job M] I costing $1?0,000 and job M12 Costing $300,000 during the month and transferred them to Finished Goods inventor}? account. {i} Shipped job M12 to the customer during the month. {j} Used 10,000 machine hours during March