Required Information The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4] [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 $ 75,5ee $ 19,600 $ 59,480 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560.000 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, $606,000. b. Raw materials used in production, $561.200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor. $510.000; indirect labor. $150,000: selling and administrative salaries. $257,000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $382.000. e. Incurred various manufacturing overhead costs (e.g.. depreciation, insurance, and utilities). $410,000. 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 $1.558,300 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 $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets. Foundational 3-4 (Algo) 4. What is the total amount of manufacturing overhead applied to production during the year? Manufacturing overhead applied Required Information The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4] [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 $ 75,5ee $ 19,608 $ 59,488 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560.000 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. $606,000. b. Raw materials used in production, $561.200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor. $510,000; indirect labor, $150,000: selling and administrative salaries, $257.000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $382.000. e. Incurred various manufacturing overhead costs (e....depreciation, insurance, and utilities). $410.000. 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 $1.558.300 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 $3,075,000. The jobs cost $1.568.300 to manufacture according to their job cost sheets. Foundational 3-5 (Algo) 5. What is the total manufacturing cost added to Work in Process during the year? Total manufacturing cost Required Information The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4) [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 $ 75,5ee $ 19,608 $ 59,400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560.000 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. $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor. $510,000; indirect labor, $150,000: selling and administrative salaries. $257.000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $382.000. e. Incurred various manufacturing overhead costs (e.g.. depreciation, insurance, and utilities). $410.000. 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 $1.558,300 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 $3,075,000. The jobs cost $1.568.300 to manufacture according to their job cost sheets. Foundational 3-6 (Algo) 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 required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the manufactured goods completed during this year. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal o Required Information The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4) [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 $ 75,5ee $ 19,600 $ 59,488 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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, $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor. $510,000; indirect labor. $150.000: selling and administrative salaries. $257.000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $382.000. e. Incurred various manufacturing overhead costs (eg.. depreciation, insurance, and utilities). $410.000. 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 $1.558,300 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 $3,075,000. The jobs cost $1.568.300 to manufacture according to their job cost sheets. Foundational 3-7 (Algo) 7. What is the ending balance in Work in Process? Work in Process Beg. bal. End. bal