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 $$300,000$ and machine hours to be $15,000.$ Actual manufacturing overhead and machine hours were $$336,000$ and $16,000,$ respectlvely.

Required:

& $2.$ Prepare the journal entries for actual and applied manufacturing overhead and transfer of manufacturing overhead account. balance to cost of goods sold.

Note: If no entry is required for o transoction$/$event$,$ select $"$No Journal Entry Required" in the first occount field.

$\backslash$table$[[,$No$,$Transaction,General Journal,Debit,Credit$],[2,1,$a$,$Manufacturing Overhead,$336,000,],[,,$Cash, Payables, etc,,$336,000],[,,$Manufacturing Overhead,,$12,000],[,,,,]]$