Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were $372,000 and 26,000, respectively. Required: 1. & 2. Prepare the journal entries for actual and applied manufacturing overhead and transfer of manufacturing overhead account balance to cost of goods sold. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ad and transfer of manufacturing ove try is required for a transaction/event, select "No Journal Entry R d.) View transaction list Journal entry worksheet Record the actual manufacturing overhead cost incurred. Note: Enter debits before credits. Transaction General Journal Debit Credit UICU. & 2. Prepare the journal entries for actual and applied manufacturing overhead and transfer of manufacturing overhead count balance to cost of goods sold. (If no entry is required for a transaction/event, select "No Journal Entry Required the first account field.) Check my won View transaction list Journal entry worksheet ces 2 3 Record the application of manufacturing overhead to production Note: Enter debits before credits. Debit Tronction Credit General Journal WHY WORK & 2. Prepare the journal entries for actual and applied manufacturing overhead and transfer of manufacturing overhead count balance to cost of goods sold. (If no entry is required for a transaction/event, select "No Journal Entry Required the first account field.) View transaction list Journal entry worksheet