Company uses job order costing.

Direct materials purchased on account 125000 ,Direct materials requisitioned 110000, Direct labor costs incured 256000 ,Factory overhead costs incured (depreciation expense only) 150000, cost of goods completed 515000 ,cost of goods sold 378000, sales on account 430000 ,factory overhead applied ?

Factory overhead costs are applied at 50% of direct labor costs.

1) Prepare required journal entries for above transactions. 2) prepare the journal entry to dispose of the overhead variance using the immediate write off method. 3) Is the factory overhead over applied or undersupplied? 4) what is the actual, correct amount of cost of goods sold?