Baker company is a manufacturing form that uses job-order costing. The company’s inventory balances were as follows at the beginning and end of the year: The company applies overhead to jobs using a predetermined overhead rate of $7.00 per machine hour. Raw Materials were purchased in the amount of $289,000. All Raw Materials were Direct Materials. Actual Manufacturing Overhead incurred was $252,000. Manufacturing Overhead was applied to jobs on the basis of 34,000 actual machine hours. Selling and Administrative costs were $326,000. Sales totaled $1,253,000 for the year. Complete the Schedule of Cost of Goods Manufactured below:
