Under Bennington Corporation's job-costing system, manufacturing overhead is applied to work-in-process using a predetermined annual overhead rate. During January, Year 1, Bennington's transactions included the following: (Click the icon to view the transactions.) Bennington had neither beginning nor ending workinprocess inventory. What was the cost of jobs completed and transferred to finished goods in January 20X1? O 1. $650,000 i Transactions 2. $656,000 3. $637,000 4. $631,000 $ 220,000 19,000 Direct materials issued to production Indirect materials issued to production Manufacturing overhead incurred Manufacturing overhead applied Direct manufacturing labor costs 200,000 225,000 211,000 Print Done