Question 6 24 pts Snoopy Company uses a job order costing system. The following inventory balances are available on January 1, 2020: Raw Materials $14,700 Work in Process $61,300 Finished Goods $73,600 The Work in Process Inventory consisted of 3 jobs: #501 $21,600; #502 $29,400; and #503 $10,300 The Finished Goods Inventory consisted of 2 jobs: #499 $24,900 and #500 $48,700 Snoopy uses a normal costing system with an overhead rate based on machine hours. The following budgeted information was available for the year 2020: Factory overhead costs $690,000 and machine hours 60,000. During 2020, the following transactions took place: 1. Raw materials costing $100,000 were purchased on account. 2. Total factory labor charges accrued were $238,300. 3. A summary of material requisitions and time tickets appeared as follows: