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 materials $25,566 Work in process $13,866 Finished goods $31,966 The company applies overhead cost to jobs on the basis of machinehours. For the current year, the company estimated that it would work 37,900 machine-hours and incur $151,600 in manufacturing overhead cost. The following transactions were recorded for the yeah a. Raw materials were purchased on account: $238,000. b. Raw materials were requisitioned for use in production: $209,000 (90% direct and 10% indirect). c. The following costs were incurred for employee services: Direct labour $175,266 Indirect labour $ 36,866 Sales commissions $ 41,766 Administrative salaries $ 87,666 d. Heat, power, and water costs were incurred in the factory: $50,550. e. Prepaid insurance expired during the year: $19,500 (75% relates to factory operations, and 25% relates to selling and administrative activities). f. Advertising costs were incurred, $59,500. g. Depreciation was recorded for the year: $71,400 (80% relates to factory operations, and 20% relates to selling and administrative activities). h. Manufacturing overhead cost was applied to production. The company recorded 43,800 machine-hours for the year. i. Goods that cost $534,600 to manufacture according to theirjob cost sheets were transferred to the finished goods warehouse. j. Sales for the year totalled $788,400 and were all on account. The total cost to manufacture these goods according to theirjob cost sheets was $525,800