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 $282,000 and machine hours to be 14,100 Actual manufacturing overhead and machine hours were $323,000 and 15.100, 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.) View transaction list Journal entry worksheet 2 Record the actual manufacturing overhead cost incurred. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal