Question: Raw materials Work in process Finished goods $ 63,000 $ 22,200 $ 52,500 The company applies overhead cost to jobs on the basis of direct

 Raw materials Work in process Finished goods $ 63,000 $ 22,200

Raw materials Work in process Finished goods $ 63,000 $ 22,200 $ 52,500 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 $11.50 per direct labor-hour was based on a cost formula that estimated $460,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the years a. Raw materials were purchased on account, $618.000 b. Raw materials used in production, $569.400. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $410,000, indirect labor, $150.000; selling and administrative salaries. $338,000. d. Incurred various selling and administrative expenses (e.g. advertising, sales travel costs and finished goods warehousing). $382.000. e. Incurred various manufacturing overhead costs (eg, depreciation, Insurance, and utilities). $310.000 f. Manufacturing overhead cost was appiled to production. The company actually worked 41.000 direct labor-hours on all Jobs during the year. 9. Jobs costing $1.372.600 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 $3,202,500. The jobs cost $1,382.600 to manufacture according to their job cost sheets Foundational 3-5 (Algo) 5. What is the total manufacturing cost added to Work in Process during the year Total manufacturing cost

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