Required information The Foundational 15 (Static) [LO3-1. LO3-2, L03-3, L03.4] 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 Work in process Finished foods $40.000 $ 18,00 $ 35,000 The company applies overhead cost to jobs on the basis of direct tobor hours. For the current year, the company's predetermined overhead rate of $16.25 per direct labor-hour was based on a cost formula that estimated $650.000 of total manufacturing overhead for an estimated activity level of 40.000 direct labor-hours. The following transactions were recorded for the year a Raw materials were purchased on account. $510.000 Raw materials used in production, $480,000. All of of the raw materials were used as direct materials The following costs were accrued for employee services direct labor $600.000 indirect labor, 5150.000:seling and administrative salaries $240,000 dincurred various selling and administrative expenses en advertising, sales travel costs and finished goods Warehousingl $367000 e incurred various manufacturing overhead costs leg depreciation, insuranceand utilities $500 000 Manufacturing overhead cost was applied to production The comand actually worked 41000 direct labor hours on a > Record the manufactured goods completed during this year it before Transaction General Journal De Cordit