the beginning and end of the jams job-order costing. The company were as follows: Account Beginning Balance Ending Balance) 4 Raw materials $10,000 $20,000 $30,000 $15,000 $70,000 $75,000 Work in process Finished goods The company applies overhead to jobs using a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated that it would work 33,000 machine hours and incur $231,000 in manufacturing overhead cost. The following transactions were recorded for the year 1) Raw materials purchased on account: $315,000. ") Raw materials requisitioned for use in production: $305,000 ($279,000 direct and the balance indirect). The following employee costs were incurred and paid for: rect labour: $377,000 Mirect labour: $96,000 ministrative salaries: $172,000 actory utility costs incurred and paid for: $10,000. preciation for the year: $127,000, of which $120,000 is related to factory operations and $7,000 is related Wing and administrative activities. mufacturing overhead was applied to jobs. The actual level of activity for the year was 34,000 machine -formulas determined overhead rate Estimated total manufacturing overhead costs/Estimated total units in the allocat rhead applied to a particular job-Predetermined overhead rate x Amount of allocation base incurred by job