Sweet Tooth Confectionary incurred $157,000 of manufacturing overhead costs during the year just ended. However, only $141,000 of overhead was applied to production. At the conclusion of the year, the following amounts of the year’s applied overhead remained in the various manufacturing accounts.

Required: Prepare a journal entry to close out the balance in the Manufacturing Overhead account and prorate the balance to the three manufacturing accounts.

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Work-in-Process Inventory Finished-Goods Inventory Cost of Goods Sold Applied Overhead Remaining in Account on December 31 $35,250 49,350 56,400