Required information The Foundational 15 (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 4 Row materials Work in process Finished goods $ 63,000 $22,200 $52,500 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 $11.50 per direct labor-hour was based on a cost formula that estimated $460,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year