PART B (25 POINTS) Label all work and show all calculations. Step, Inc. manufactures exercise machines. Step uses the traditional method of allocating overhcad hascd on dircct labor hours. Step cstimated that 2,050 dircct labor hours would be incurred in June, and estimated tolal overhead for June of $82.000. Ihe actual hours and wage rate paid to workers in June was 2,060 hours and $40 per hour, respectively. During June, Step's transactions and accounts included the following: Finisbed goods invenlory, ending Finished goods inventory, heginning General administrative expenses Raw materials inventory, ending Raw materials inventory, beginning S 82.400 S21.600 Direct labor cost Raw materials purchased Work in process inventory, ending Work in process inventory, beginning Selling expenses 32,300 156,000 39.400 42,800 50.500 14,500 18.100 24,000 Sales 384,000 Instruclions Prepare, in good form, a Statement of Cost of Goods Manufacturcd for June for Step, Inc