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4. Provide the following journal entries A. Purchased $50,000 raw materials for cash. B. The factory orders $10,000 direct materials and $2,000 indirect materials. C.

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4. Provide the following journal entries A. Purchased $50,000 raw materials for cash. B. The factory orders $10,000 direct materials and $2,000 indirect materials. C. Factory workers provide $12,000 direct labor and $1,000 indirect labor. D. Machine hours 10,000. Overhead $2 per machine hour. F. Depreciation $6,000. Other Overhead $2,000 cash. G. Sent all goods to finished goods warehouse. H. Sold all goods for $150,000. 50,000 Cash. Inventory 50,000 5. Was the overhead overapplied or underapplied? Prepare the T account and the journal entry to close out manufacturing overhead

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