Bunnell Corporation is a manufacturer that uses job$-$order costing. On January $1,$ the company$$s inventory balances were as follows:

Raw materials $ $50,000$

Work in process $ $30,800$

Finished goods $ $43,200$

The company applies overhead cost to jobs using direct labor$-$hours. For this year, the company$$s predetermined overhead rate of $$12\mathrm{.}00$ per direct labor$-$hour was based on a cost formula that estimated $$480,000$ of total manufacturing overhead for an estimated activity level of $40,000$ direct labor$-$hours. The following transactions were recorded this year:

Raw materials were purchased on account, $$696,000.$

Raw materials used in production, $$655,400.$ All of of the raw materials were used as direct materials.

The following costs were accrued for employee services: direct labor, $$430,000$; indirect labor, $$150,000$; selling and administrative salaries, $$251,000.$

Incurred various selling and administrative expenses $($e$.$g$.,$ advertising, sales travel costs, and finished goods warehousing$),$ $$411,000.$

Incurred various manufacturing overhead costs $($e$.$g$.,$ depreciation, insurance, and utilities$),$ $$330,000.$

Manufacturing overhead cost was applied to production. The company actually worked $41,000$ direct labor$-$hours on all jobs during the year.

Jobs costing $$1,521,800$ to manufacture according to their job cost sheets were completed during the year.

Jobs were sold on account to customers during the year for a total of $$3,255,000.$ The jobs cost $$1,531,800$ to manufacture according to their job cost sheets. Question $1$: What is the journal entry to record raw materials used in production?Question $2$: What is the ending balance in Raw Materials? Question $3$: What is the journal entry to record the labor costs for this year? Question $6$: What is the journal entry to record the transfer of completed jobs referred to in item g above? Question $11$: What is the journal entry to record the cost of goods sold referred to in item h above? Question $12$: What is the ending balance in Finished Goods? Question $13$: Assuming the company closes its underapplied or overapplied overhead to Cost of Goods Sold, what is the adjusted cost of goods sold for this Question $14$: What is the gross margin for this year?

Question $15$: What is the net operating income for this year?