P17-36. Job Costing with Predetermined Overhead Rate (L02, 4) 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 $8,500,000, manufacturing supplies amounted to $1,200,000 and finished goods inventories totaled $6,000,000. Two jobs were in process: Job 522 with assigned costs of $5,640,000 and Job 523 with assigned costs of $2,400,000. The following information summarizes April Manufacturing activities: Purchased raw materials costing $25,000,000 on account. Purchased manufacturing supplies costing $3.000.000 on account. Requisitioned materials needed to complete Job 523. Started two new jobs, 524 and 525, and requisitioned direct materials for them. Direct materials Job 523.. Job 524. Job 525. Total $ 3,000,000 12,900,000 9,600,000 $25,500,000 Recorded April salaries and wages as follows: Direct labor Job 522 (300,000 hours x $20 per hour) Job 523 (800,000 hours x $20 per hour) Job 524 (1,200,000 hours x $20 per hour) Job 525 (1,000,000 hours X $20 per hour) Total direct labor.. Indirect labor Total $ 6,000,000 16,000,000 24,000,000 20,000,000 66,000,000 6,400,000 $72,400,000 Used manufacturing supplies costing $2,250,000. Recognized depreciation on factory fixed assets of $4,000,000. Incurred miscellaneous manufacturing overhead costs of $5,500,000 on account. Applied manufacturing overhead at the rate of $6 per direct labor hour. Completed Jobs 522, 523, and 524. Required Prepare a complete analysis of all activity in Work-in-process. Be sure to show the beginning and ending balances, all increases and decreases, and label cach item. Provide support information on decreases with job cost sheets