Please answer the following question below please there are some I got wrong that need to be fixed.

Question:

Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows:

Raw materials $23,000

Work in process $12,800

Finished goods $31,400

The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 37,400 machine-hours and incur $157,080 in manufacturing overhead cost. The following transactions were recorded for the year:

a. Raw materials were purchased on account: $228,000.

b. Raw materials were requisitioned for use in production: $204,000 (85% direct and 15% indirect).

c. The following costs were incurred for employee services:

Direct labour $171,200

Indirect labour $29,800

Sales commissions $40,200

Administrative salaries $85,600

d. Heat, power, and water costs were incurred in the factory: $48,300.

e. Prepaid insurance expired during the year: $17,000 (80% relates to factory operations, and 20% relates to selling and administrative activities).

f. Advertising costs were incurred, $57,000.

g. Depreciation was recorded for the year: $68,400 (75% relates to factory operations, and 25% relates to selling and administrative activities).

h. Manufacturing overhead cost was applied to production. The company recorded 42,800 machine-hours for the year.

i. Goods that cost $521,000 to manufacture according to their job cost sheets were transferred to the finished goods warehouse.

j. Sales for the year totalled $765,100 and were all on account. The total cost to manufacture these goods according to their job cost sheets was 513,200

Q AnsWer is complete and correct. Raw materials l Work in process Accounts payable J Manufacturing overhead 228,000 0 173,400 9 30,6009 Raw materials Work in process Manufacturing overhead 171,200 a, 29,800 9 Sales commissions expense Administrative salaries expense 40,200 a Salaries and wages payable 4 d. Manufacturing overhead 48,300 Accounts payable 48,300 5 e. Manufacturing overhead 13,600 Insurance expense 3,400 Prepaid insurance 17,000 6 f. Advertising expense 57,000 Accounts payable 57,000 7 g. Manufacturing overhead 51,300 Depreciation expense 17,100 Accumulated depreciation 68,400 8 h . Work in process 179,760 170 700 e to search ODepreciation expense Accumulated depreciation Work in process ' Manufacturing overhead ' 7 Finished goods , Work in process 'R coounts receivable Sales Cost of goods sold nished goods Raw Materials Manufacturing Overhead Beg. Bal. 23,000 Beg. Bal. a. 228,000 204,000 ~ b. V b. 30,600 179,760 h. V End. Bal. 47,000 C. 29,800 48,300 e. 13,600 g. 51,300 End. Bal. 6, 160 Work in Process Cost of Goods Sold Beg. Bal. 12,800 Beg. Bal. $ b 173,400 521,000 i. V J. 513,200 C. 171,200 End. Bal. 513,200 h. 179,760 End. Bal. 16, 160 arch O EI3-b. Prepare a journal entry to properly dispose of any balance in the Manufacturing Overhead account. (Do not round intermediate calculations and round your final answers to 2 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) x Answer is not complete. No Event General Journal Debit Credit A 1 Manufacturing overhead 6,160.00 Cost of goods sold 6, 160.00 X archx Answer is not complete. RAVSTEN COMPANY Income Statement For the Year Ended December 31 Sales $ 765, 100 Cost of goods sold 500,880 x Gross profit 264,220 Selling and administrative expenses: Sales commissions $ 40,200 Administrative salaries 85,600 Insurance expense 3,400 Advertising expenses 57,000 186,200 Operating income $ 78,020 search 9