Required information The following information applies to the questions displayed below) Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 86,500 $ 22,600 $ 63,900 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 $15.00 per direct labor-hour was based on a cost formula that estimated $600,000 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, $632,000. b. Raw materials use in production, $585,600. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $550,000; indirect labor, $150,000; selling and administrative salaries, $328,000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $375,000. e. Incurred various manufacturing overhead costs (e.g. depreciation, insurance, and utilities), $450,000. f. 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 $1,670,300 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 $3,172,500. The jobs cost $1,680,300 to manufacture according to their job cost sheets. Required: 1. What is the journal entry to record raw materials used in production? (if no entry is required for a transactica/event, select "No Journal entry required" in the first account field.)