ALKEV Manufacturing Company has reached the end of its 2021 operating year process of making its year-end adjustments. The following data indicates the manufacturing costs that are included in the 2021 year-end balances for inventories and cost of goods sold: Work in Process Finished Goods Inventory Inventory Cost of Goods Sold Direct Labour Cost Applied MOH Cost Direct Materials Cost Total Account Balance $ $ $ $ 270,000 153,600 208,300 631,900 $ $ $ $ 225,600 134,400 164,500 524,500 $ 488,400 $ 352,000 $ 642,200 $ 1,482,600 Required: 1.) As of the year-end date of December 31, 2021, the Manufacturing Overhead (MOH) account shows and ending CREDIT balance of $40,000 representing OVER-applied MOH for 2021. (a) In accordance with IAS#2, prepare the appropriate journal entry to dispose of the over/under applied MOH at December 31, 2021. (If applicable, show all supporting calculations. If applicable, round to 2 decimal places.) (b) After the adjusting entry (from 1(a)) has been recorded, what is the final ending balance for Finished Goods Inventory that would be reported in the 2021 financial statements? 2.) Ignore the data in requirement 1. As of the year-end date of December 31, 2021, the Manufacturing Overhead (MOH) account shows an ending DEBIT balance of $10,000 representing UNDER-applied MOH for 2021. (a) In accordance with IAS#2, prepare the appropriate journal entry to dispose of the over/under applied MOH at December 31, 2021. (If applicable, show all supporting calculations. If applicable, round to 2 decimal places.) (b) After the adjusting entry (from 2(a)) has been recorded, what is the final ending balance for Work-In-Process Inventory that would be reported in the 2021 financial statements