:06 Custom Company reports the following (partial) T-account activity at the end of its first year of operations. Factory Overhead Debit Credit 81,000 392,400 130,600 185,200 ces 1. Compute the under- or overapplied overhead for the year. 2. Prepare the journal entry to close Factory Overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the under- or overapplied overhead for the year. The under- or overapplied overhead for the year Actual overhead Applied overhead 1