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The Foundational $15($Algo$)[$LO$3-1,$ LO$3-2,$ LO$3-3,$ LO$3-4]$

$[$The following information applies to the questions displayed below.$]$

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

as follows:

Raw materials $ $$7,000$

Work in process $ $ $29,000$

Finished goods $ $$59,400$

The company applies overhead cost to jobs using direct labor$-$hours. For this year, the company's predetermined

overhead rate of $$13\mathrm{.}25$ per direct labor$-$hour was based on a cost formula that estimated $$530,000$ of total manufacturing

overhead for an estimated activity level of $40,000$ direct labor$-$hours. The following transactions were recorded this year:

a$.$ Raw materials were purchased on account, $$708,000.$

b$.$ Raw materials used in production, $$666,400.$ All of of the raw materials were used as direct materials.

c$.$ The following costs were accrued for employee services: direct labor, $$480,000$; indirect labor, $$150,000$; selling and

administrative salaries, $$335,000.$

d$.$ Incurred various selling and administrative expenses $($e$.$g$.,$ advertising, sales travel costs, and finished goods

warehousing$),$ $$397,000.$

e$.$ Incurred various manufacturing overhead costs $($e$.$g$.,$ depreciation, insurance, and utilities$),$ $$380,000.$

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

jobs during the year.

g$.$ Jobs costing $$1,606,150$ 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 $$3,165,000.$ The jobs cost $$1,616,150$ to

manufacture according to their job cost sheets.

Required:

What is the journal entry to record raw materials used in production?

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the raw materials used in production.

Note: Enter debits before credits.