Overhead Journal Entries: Adjusting Cost of Goods Sold. The following information applied to Braker Corporation for the month ended June 30 20x1. Overhead Rate Overhead per DLH) Variable Fixed $1.10 250 Incurred $4,950 12,820 The number of direct labor hours for June totaled 5,000.

a. Prepare journal entries to record the applied and incurred factory overhead for June. (Note: Credit "various accounts" in recording the incurred overhead).

b. Prepare journal entries to adjust cost of goods sold as of June 30 for the amount of underapplied or overapplied overhead.