Company had the following selected account balances at the end of 2014:

Work in process	$180,000
Finished goods	150,000
cost of goods sold	270,000
Factory overhead overapplied	18,000
Amount of factory overhead applied in 2013	360,000

Required:

a) give the journal entry to record the factory overhead applied:

b) What was the actual overhead for the year?

c) give the journal entry to dispose of the Factory Overhead account balances assuming it is written off the Cost of goods Sold.

d) Give the journal entry to dispose of the Factory Overhead account balances assuming balances assuming it is allocated among Work in Process, Finished Goods, and Cost of gods sold based on ending balances.

e)Which method of disposing of Under- or Overapplied factory overhead cost is more accurate? Explain