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: 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 $14.50 per direct labor-hour was based on a cost formula that estimated $580,000 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 materlals were purchased on account, $690,000. b. Raw materlals used in production, $641,800. All of of the raw materlals were used as direct materlals. c. The following costs were accrued for employee services: direct labor, $530,000; indirect labor, $150,000; selling and administrative salarles, $308,000. d. Incurred varlous selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $457,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, Insurance, and utilities), $430,000. 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 $1,703,300 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 $3,510,000. The jobs cost $1,713,300 to manufacture according to their job cost sheets. 5. What is the total manufacturing cost added to Work in Process during the year? c. I he tollowing costs were accrued tor employee services: direct labor, $530,000; Indirect labor, $1b0,000; selling and administrative salarles, $308,000. d. Incurred varlous selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $457,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, Insurance, and utilities), $430,000. 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 $1,703,300 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 $3,510,000. The jobs cost $1,713,300 to manufacture according to their job cost sheets. 6. What is the journal entry to record the transfer of completed Jobs that is referred to in Item g above? (If no entry is requlred for a transaction/event, select "No journal entry required" In the flirst account fleld.) Journal entry worksheet Record the manufactured goods completed during this year. Note: Enter debits before credits