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please answer all the questions thanks Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows:

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Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in Finished goods 38,100 50,500 process 25,000 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the companys predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transaction:s were recorded for the year: a. Raw materials were purchased on account, $592,000 b. Raw materials use in production, $557,000. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $420,000; indirect labor, $150,000; selling and administrative salaries, $295,000 d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $381,000 e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $320,000 f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year g. Jobs costing $1,399,450 to manufacture according to their job cost sheets were completed during the year h. Jobs were sold on account to customers during the year for a total of $2,925,000. The jobs cost $1,409,450 to manufacture according to their job cost sheets. 2. What is the ending balance in Raw Materials? Raw Materials Beg. Bal 50,500 592,000 557,000 End. Bal 85,500

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