Applied vs. Actual Manufacturing Overhead Sloan Manufacturing Corporation applies manufacturing overhead on the basis of 120% of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturing overhead incurred was $525,000 and that at year-end Work in Process Inventory, Finished Goods Inventory, and Cost of Goods sold included $75,000, $50,000, and $375,000, respectively, of direct labor incurred during the current year. a. Determine the over-applied manufacturing overhead at year-end (assume it is significant). Applied Manufacturing Overhead Work in process Finished goods 0 Cost of goods sold Total: $ $ 0 0 0 Over-applied manufacturing overhead $ 0 b. Prepare a journal entry to record the disposition of the over-applied manufacturing overhead. General Journal Description Debit Credit 0 0 0 0 ooo 0 Please answer all parts of the question. 0 0 Cost of goods sold overhead $ 0 Finished goods inventory Manufacturing overhead record the disposition of the Work in process inventory urnal Debit Credit 0 0 0 0 0 0 0 0 Please answer all parts of the