Required information [The following informanion opplies to the questions disployed below] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1 , the company's inventory balances were as follows: The company applies overhead cost to jobs using direct labor hours. For this year, the compony's predetermined overhead rate of $15.50 per direct labor-hour was based on a cost formula that estimoted $620,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded this 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; ind rect labor, $150,000; selling and administrative salaries, $266,000 d. Incurred various selling and administrative expenses (e.9, advertising, sales travet costs, and finished goods warehousing), $418,000. e. Incurred various manufacturing overhead costs (e.9, depreciation, insurance, and utilities), $470,000 t Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct iabor thours on all jobs during the year. 9. Jobs costing $1,717,900 to manufocture 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 2. What is the ending balance in Row Materials? The company applies overhead cost to jobs using direct labor-hours. For this year, the company's predetermined overhead rote 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 this year: a. Raw materials were purchased on account, $628,000. b. Row 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, $265,000. d. Incurred various selling and administrative expenses (e.g. advertising. sales travel costs, and finished goods warehousing), $418,000. e. Incurred various manufacturing overhead costs (e.9, depreciation, insurance, and utities), $470,000. t Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year. 9. Jobs costing $1,717,900 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. 2. What is the ending balance in Raw Materials? Bunnell Corporation is a manufacturer that uses job-order costing. On January 1 , the company's inventory balances were as follows: The company applies overhead cost to jobs using direct fabor-hours. For this year, the company's predetermined overhead rate of $15.50 per direct labor-hour was bosed 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 this 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 employec services: direct labor, $570,000; indirect labor, $150,000; selling and adininistrative salaries, $266,000 d. Incurfed various selling and administrative expenses (e.g. advertising, sales travel costs, and finished goods warehousingl, $418,000. e. Incurred various manufacturing overhead costs ( c9, depreciation, insurance, and utilites), $470,000. 1. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on al jobs during the yeat. 9. Jobs costing $1,717,900 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 totol of $3,225,000. The jobs cost $1,727,900 to manufacture according to their job cost sheets. 7. What is the ending balance in Work in Process? Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: The company applies overhead cost to jobs using direct labot-hours. For this yoar, the company's prodetermined overhead rate of $15.50 per direct labor-hour was bssed on a cost formula that estimated $620.000 of totol manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded this year: a. Row materials were purchased on account, $628,000 b. Raw materials used in production, $598,000. All of of the taw materlals 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. Incurfed various selling and administrative expenses (e.g. adventsing, sales travel costs, and finished goods warehousing), $418,000. e. Incurred various manufacturing oyerhead costs (e-9. depreciation, insurance, and utilites), 5470,000 t. Manufacturing overhead cost was applied to production. The company actualy wotked 41,000 direct labor-hours on all jobs during the yeac, 9. Jobs costing $1,717,900 to manufocture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a fotal of $3,225,000. The jobs cost $1,727,900 to manufacture according to their job cost sheets. 12. What is the ending balance in Finished Goods