Raw materials Work in process Finished goods $ 72,500 $ 18, 200 $ 46,500 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 $15.50 per direct labor hour was based on a cost formula that estimated $620.000 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. $628,000. b. Raw materials used in production, $598.000. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $570,000, indirect labor. $150.000, selling and administrative salaries, $266,000. d. Incurred various selling and administrative expenses (e.g. advertising, sales travel costs, and finished poods warehousing). $418,000. e. Incurred various manufacturing overhead costs (e.g. depreciation Insurance, and utilities) $470.000. f. Manufacturing overhead cost was applied to production. The company actually worked 41000 direct labor-hours on all Jobs during the year. 9. Jobs costing $1717,900 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 $3,225,000. The Jobs cost $1.727.900 to manufacture according to their job cost sheets. 10. What is the cost of goods available for sale during the year