A company's Factory Overhead account shows total debits of $$675,000$ and total credits of $$698,700$ at the end of the

year.

Compute the under$-$ or overapplied overhead.

Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold.

Complete this question by entering your answers in the tabs below.

Required $2$

Compute the under$-$ or overapplied overhead.

Total actual overhead cost

Total applied overhead cost

and Record the entry to close the balance in the Factory Overhead Account.