The My Favorite Cabinet Company (MFCC) manufactures several different lines of custom kitchen cabinets. The company uses a job order costing system and applies manufacturing overhead on the basis of direct labor hours. At the beginning of the 2021 fiscal year, the company estimated total MOH of $313,500 and total direct labor hours of 2,200. The actual direct labor hours incurred for the year was 2,000. The following information also relates to the 2021 scal year. a. b. c. d. (0?\" The company began the year with $50,000 in the finished goods inventory account. Purchased raw materials for $300,000. Indirect materials requisitioned during the year totaled $10,000. The company began the year with $40,000 in the raw materials account and ended the year with $10,000. SG&A expenses for the year totaled $210,000. The unadjusted cost of goods sold for the year was $660,000. . The actual manufacturing overhead costs for the year were $260,000 (this includes indirect materials). . The total manufacturing costs for the year were $630,000. The net operating income for the year was $30,000. The work in process account ended the year with $35,000. The goods available for sale for the scal year totaled $740,000. 1. Provide the following from MFCC's 2021 fiscal year. a. b. COGM Beginning WIP Inventory 0. Direct Labor d. Write the journal entry to close out the MOH account to COGS below. e. Ending Finished Goods Inventory