Ssatios Company is a manufacturing firm that uses job costing. At the boginning of the year, the company's inventory balances were as follows: incur $180,000 h manuacturing ovethead cost. The following transactions wore recorded for the year: a. Raw materlals were purchased, $416,000. b. Row materials were requistioned for use in production, $420,000 (\$380,000 drect and $40,000 indirect). d. Seling costs, 544,000 . a. Factory ictity costs, $20,000 Q. Manufacturing overhead was appled to jobs. The actual level of activity for the year was 48.000 machine-hours. h. The cest of goods manufactured for the year was $1,004,000. i Sales for the year totaied $1,496,000 and the costs on the job cost sheets of the goods that wore sold totaled $989,000 1. The balahce in the Manufocturing Overhead account was closed out to Cost of Goods Sold Required