Required information The Foundational 15 (Algo) LO3-1. LO3-2, LO3-3, LO3-4) The following information applies to the questions displayed below) Bunnel Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows materiale $ 66,000 work in process $ 33,600 Finished goods $ 38,400 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 $13.50 per direct labor-hour was based on a cost formula that estimated $540,000 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, $684.000, b. Raw materials used in production, $646,400. All of of the raw materials were used as direct materials The following costs were accrued for employee services direct labor, $490,000 indirect labor. $150,000, selling and administrative salaries, $319,000 d Incurred various selling and administrative expenses (eg. advertising, sales travel costs, and finished goods warehousing). $423.000, e incurred various manufacturing overhead costs (e.g. depreciation, insurance and utilities). $390,000 1. Manufacturing overhead cost was applied to production The company actually worked 41,000 direct labor-hours on all jobs during the year Jobs costing $1623,300 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 $3,547,500. The jobs cost $1.633,300 to manufacture according to their job cost sheets Foundational 3-10 (Algo) 10. What is the cost of goods available for sale during the year? Cost of goods wolle for sale