Ravsten Company uses a job$-$order costing system. On January $1,$ the beginning of the current year, the company's inventory balances were as follows:Raw materialsWork in processFinished goods$ $16,000$$ $10,000$$ $30,000$The company applies overhead cost to jobs on the basis of machine$-$hours. For the current year, the company estimated that it would work $36\mathrm{.}000$ machine$-$hours and incur $$153,000$ in manufacturing overhead cost. The following transactions were recorded for the year.a$.$ Raw materials were purchased on account: $$200\mathrm{.}000.$b$.$ Raw materials were requisitioned for use in production: $$190\mathrm{.}000(80\%$ direct and $20\%$ indirect$).$c$.$ The following costs were incurred for employee services:Direct labourIndirect labourSales commissionsAdministrative salaries$$160,000$$ $27,000$$ $36,00080,000$d$.$ Heat. power. and water costs were incurred in the factory. $$42,000$e$.$ Prepaid insurance expired during the year. $$10\mathrm{.}000(90\%$ relates to factory operations, and $10\%$ relates to selling and administrative activities$).+.$ Advertising costs were incurred, $$50,000$g$.$ Depreciation was recorded for the year $$60\mathrm{.}000(85\%$ relates to factory operations, and $15\%$ relates to selling and administrative activites$).$n$.$ Manufacturing overhead cost was applied to production. The company recorded $40\mathrm{.}000$ machine$-$nours for the year.Goods that cost $$480,000$ to manufacture according to their job cost sheets were transferred to the finished goods warehouse.. Sales for the year totalied $$700\mathrm{.}000$ and were all on account. The total cost to manufacture these goods according to their joo cost sheets was $$475,000.$Brey