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Required information [The following intormation applies fo the questions displayed below] Bunnell Corporation is a mahufacturer that uses job-order costing. On January 1, the company/s

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Required information [The following intormation applies fo the questions displayed below] Bunnell Corporation is a mahufacturer that uses job-order costing. On January 1, the company/s inventory balances asere as follows The company applios overhesd cost to jobs on the basis of direct labor hours. For the current yeac the compary's predetermined overhe ad rate of 51175 per direct labor-hour was based on a cost formula that estimated 5470.000 of tote. manufacturing overheed for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchesed on account. $592.000 b. Raw materials used in production, $557,000. All of of the raw materials were used as direct materias: c. The following costs were accrued for employee services: direct labos, 5420,000 ; indirect labor, 5150,000 ; selling and administrative salaries, 5295,000 . d. Incurred various selling and administratve expenses (eg, advertising. sales traivel costs, and fnished goods warehousingl $381000. e. incurred various manufacturing overhead costs fe.9. depreciation, insurance, and utitiesi $320,000 f. Manufacturing ovechead cost was applied to production. The company actually worked 41,000 direch iabot-hours on at jobs during the yeat. 9. Jobs costing $1,399,450 to manufacture according to thelr job cost sheets were completed duting the year. h. Jobs were sold on account to customers during the year for a total of $2,925,000. The jobs cost 51,409,450 to manufacture according to their job cost sheots: 6. What is the journal entry to record the transier of completed jobs that is referred to in item g above? fif no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the manufactured goods completed during this year: Natei Enter eetits befors eredat

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