Job Costing with Predetermined Overhead Rate

Kubota Corporation manufactures equipment in batches for inventory stock. Assume that Kubota's production costs are accounted for using a job cost system. At the beginning of April raw materials inventories totaled $$18,700,000,$ manufacturing supplies amounted to $$2,640,000,$ and finished goods inventories totaled $$13,200,000.$ Two jobs were in process: Job $522$ with assigned costs of $$12,880,000$ and job $523$ with assigned costs of $$5,500,000.$ The following information summarizes April manufacturing activities:

$-$Purchased raw materials costing $$55,000,000$ on account.

$-$Purchased manufacturing supplies costing $$6,600,000$ on account.

$-$Requisitioned materials needed to complete Job $523.$ Started two new jobs, $524$ and $525,$ and requisitioned direct materials for them.

$\backslash$table$[[$Direct materials$],[$Job $523,$$$6,600,000$