8. Reconciliation of MOH. At the beginning of the quarter you calculated an allocation rate of $200 per DL Hour for allocating indirect costs. Over the course of the quarter you have assigned costs to Job Z based on actual labor hours of 780. At the end of the month you calculate actual manufacturing overhead to be $194,400. The ending balance (before adjustments) for each account is listed below. Work in Process Inventory $150,000 Finished Goods Inventory $300,000 Cost of Goods Sold $250,000 a. Did you over- or under-allocate manufacturing overhead? By how much? (2 points) b. How would you dispose of the discrepancy using the Write-off Approach? Show the t-accounts. (4 points) c. If you use the Proration Method how would you allocate the discrepancy? Given the ending balances (before adjustments) Show the account balances before adjustments (given above), any adjustments made, and the ending accounting balances for each of the affected accounts (using a table, t-accounts, or both whatever is necessary to get your message across). Round your answers to the nearest dollar. (6 points)