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: Raw materials Work in process Finished goods $ 50,500 $ 25,000 $ 38, 100 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 $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 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, $592,000. b. Raw materials used in production, $557,000. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $420,000; indirect labor, $150,000; selling and administrative salaries, $295,000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $381,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities). $320,000. 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 $1,399,450 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 $2,925,000. The jobs cost $1,409.450 to manufacture according to their job cost sheets. Help 6 Foundational 3-6 Part 6 of 15 6. What is the journal entry to record the transfer of completed Jobs that is referred to in tem g above? Of no entry is requtred for a transaction/event, select "No journal entry required" In the first account field.) 10 points View transaction list Journal entry worksheet eBook > Print Record the manufactured goods completed during this year. References Note: Enter debits before credits. Transaction General Journal Dobit Credit 1 Record entry closr entry Clear entry View general Journal