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 (e.g., advertising, sales travel costs, and finished goods warehousing). $367,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $500,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41.000 direct labor-hours on all jobs during the year. g. Jobs costing $1,680,000 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $2,800,000. The jobs cost $1,690,000 to 0 You skipped this question in the previous attempt. ! Required information Record the cost of goods sold to the customer. Note: Enter debits before credits. Transaction Debit Credit 1 No journal entry required Accounts payable Accounts receivable Accumulated depreciation Record entry Clear entry View general journal Foundational 3-8 8. What is the total amount of actual manufacturing overhead cost incurred during the year? Total actual manufacturing overhead cost II Required information Record the manufactured goods completed during this year. Note: Enter debits before credits: Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Foundational 3-5 5. What is the total manufacturing cost added to Work in Process during the year? Total manufacturing cost I