1. The following information was reported for Gray Enterprises on December 31, 2020. Manufacturing Overhead 3,440 51,510 15,800 37,300 5,030 A. What is the actual manufacturing overhead? B. What is the allocated manufacturing overhead? C. Is manufacturing overhead underallocated or overallocated? Underallocated D. Prepare the adjusting entry. Date Description Debit Credit Dec. 31, 20 Cost of Goods Sold Manufacturing Overhead 2. The following information was reported for Gray Enterprises on December 31, 2021. Manufacturing Overhead 2,070 56,090 15,160 31,730 7,130 A. What is the actual B. What is the allocated manufacturing overhead? manufacturing overhead? C. Is manufacturing overhead underallocated or overallocated? D. Prepare the adjusting entry. Date Description Debit Credit Dec. 31, 20