Docks Ltd. manufactures and installs kitchen cabinetry. It uses normal job costing with two direct cost categories (direct materials and direct manufacturing labour) and one indirect cost pool for manufacturing overhead (MOH), applied on the basis of machine-hours (MH). At the beginning of the year, the company estimated that it would work 960,000 MH and had budgeted $72,000,000 for MOH. The following data (in S millions) pertain to operations for the year 2022: (Click the icon to view the operations data [in millions].) Required 2/8/23, 2:04 AM Operations data (in millions) Materials control (beginning balance), December 31, 2021 Work-in-process control (beginning balance), December 31, 2021 Finished goods control (beginning balance), December 31, 2021 Materials and supplies purchased on account Direct materials used Indirect materials (supplies) issued to various production departments Direct manufacturing labour Indirect manufacturing labour incurred by various departments Depreciation on plant and manufacturing equipment Miscellaneous manufacturing overhead incurred (credit Various Liabilities; 69 $ ordinarily would be detailed as repairs, utilities, etc.) Manufacturing overhead allocated (920,000 actual MH) Cost of goods manufactured Revenues Cost of goods sold 7.0 1.5 8.4 239 194 29 133 18 28 10.8 ? 374.2 555 360 Required 1. Prepare general journal entries. Post to T-accounts. 2. Show the journal entry for disposing of over- or underallocated manufacturing overhead directly as a year-end write-off to Cost of Goods Sold. Post the entry to T-accounts. Requirement 1 and 2. Prepare general journal entries. Show the journal entry for disposing of over- or underallocated manufacturing overhead directly as a year-end write-off to Cost of Goods Sold. Post the entries to T-accounts. (Record debits first, then credits. Explanations are not required.) First, prepare the general journal entries. (1) Record the purchase of materials. Journal Entry Debit Credit Accounts (1) Journal Entry Accounts Debit Credit (In millions)