Raw materials Work in process Finished goods $ 40,000 $ 18,000 $ 35,000 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 $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year a, Raw materials were purchased on account. $510,000 b. Raw materials used in production, $480,000. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor $600,000; indirect labor, $150,000; selling and administrative salaries, $240,000 d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing), $367,000 e. Incurred various manufacturing overhead costs (eg. depreciation Insurance, and utilities). $500,000 1. Manufacturing overhead cost was applied to production. The company actually worked 41000 direct labor-hours on all jobs during the year 9 Jobs costing $1,680,000 to manufacture according to their job cost sheets were completed during the year n. Jobs were sold on account to customers during the year for a total of $2,800,000. The jobs cost $1690,000 to manufacture according to their job cost sheets Foundational 3-5 5. What is the total manufacturing cost added to Work in Process during the year? De