Problem 3-151 Bakerston Company is a manufacturing... Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Raw materials Work in process Finished goods Beginning Balance $ 11,700 32,700 $100,000 Ending Balance $ 15,200 $ 14,900 $124,000 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 17,800 machine-hours and incur S267,000 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased, $411,000 Raw materials were requisitioned for use in production, $407,500 ($383,000 direct and $24,500 indirect) The following employee costs were incurred: direct labor, $334,000; indirect labor, $72,000; and administrative salaries, $151,000 Selling costs, $113,000 .Factory utility costs, $27,000 Depreciation for the year was $123,000 of which $114,000 is related to factory operations and $9,000 is related to selling, general, and administrative activities. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 14,300 Sales for the year totaled S1,291,000 Required a. Prepare a schedule of cost of goods manufactured in good form. (Do not round predetermined overhead rate. Input all amounts as positive values. Omit the "$" sign in your response.) Schedule of Cost of Goods Manufactured Direct materials Ending raw materials inventory Add $ 11700 411000 : Purchases of raw materials Total raw materials available 125700 Deduct : Ending raw materials inventory Raw materials used in production (Click to select) : (Click to select) (Click to select) (Click to select) Total manufacturing cost (Click to select) 1 : 1 (Click to select)