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. Connect HW2 D 8 Saved Sa Help Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: 5 Raw materials Work in process Finished goods $ 79,000 $ 25,600 $ 37,200 art 4 of 5 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $12 25 per direct labor-hour was based on a cost formula that estimated $490,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: Ents Slipped eBook Print a. Raw materials were purchased on account, $690,000 b. Raw materials used in production, S660,000. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services direct labor, $440,000 indirect labor. $150,000, selling and administrative salaries, $260,000 d. Incurred various selling and administrative expenses (eg., advertising, sales travel costs, and finished goods warehousing). $462,000. e incurred various manufacturing overhead costs (eg. depreciation, Insurance, and utilities). $340,000 1. 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 $1542,950 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 $3,172,500 The jobs cost $1,552,950 to manufacture according to their job cost sheets 4 of 5 $660,000. All of of the raw materials were used a c. The following costs were accrued for employee services: direct labor, $440,000; ind administrative salaries, $260,000. d. Incurred various selling and administrative expenses (eg, advertising, sales travel warehousing), $462,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and u f. Manufacturing overhead cost was applied to production. The company actually work jobs during the year. g. Jobs costing $1,542,950 to manufacture according to their job cost sheets were con h. Jobs were sold on account to customers during the year for a total of $3,172,500.TH manufacture according to their job cost sheets. Epped Foundational 3-10 (Algo) Sook int 10. What is the cost of goods available for sale during the year? Cost of goods available for sale