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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

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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 $74,000 Work in process Finished goods $31,800 $52,200 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 $14.50 per direct labor-hour was based on a cost formula that estimated $580,000 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, $690.000 b. Raw materials used in production, $641800. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services direct labor, $530,000 indirect labor, $150,000, seling and administrative salaries, $308,000 d. Incurred various selling and administrative expenses (eg. advertising, sales travel costs, and finished goods warehousing $457000 e. Incurred various manufacturing overhead costs leg.depreciation, insurance, and utilities). $430,000 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 $1,703,300 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 $3,510,000. The jobs cost $1713.300 to manufacture according to their job cost sheets 6. What is the journal entry to record the transfer of completed jobs that is referred to in item g above? if no entry is required for a transaction event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the manufactured goods completed during this year Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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