File Home Insert Draw Page Layout Formulas Data Review View Help 2. X Merriweather 12 A A Wrap Text Currency Paste BIU + A Merge & Center 4 $ % 9 12 Alignment 19 Number Undo Clipboard Font 89 EX fx 300000 Below are pre-desing ending balances as of Dec 31 dese est the ever or under allocated everhead using the mince method and the major method Che Post Ching balance the busted accomts after performing the dosing entries Start by dating how much overhead is over or under-allocated ACCOUNT PRE-CLOSING BALANCE TACCOUNTS FOR MANUFACTURING OVERHEAD CONTROL (MOC) AND MANUFACTURING OVERHEAD ALLOCATED (MOA) SL50.000 Manefartering Overhead Control (MOC) Malartering Overhead Allocated (MOA) CREDIT DEBIT CREDIT Baw Matiels Inventory wock is Process loveste DEMY Finished Goods Inventory $400,000 $400,000 $1,500,000 Cnt of Goods Se 10,000 RESPONSE AREA Howhead is over-under-allocated? Maaturing Overhead Cre Manufacturing Overhead Allocated Dittener in Ovethral Acc $210,000 Owner Under Allocated Record the changes to the Balance Sheet and Income Statement accounts using the Minor Approaching for closing out MOA and MOC ACCOUNT PRE-CLOSING BALANCE Raw Materials Inventory $450,000 Work in Process Inventory $300,000 Finished Goods Inventory $400,000 Revenue $1,500,000 Cost of Goods Sold $1,100,000 Manufacturing Overhead Control- $610,000 Manufacturing Overhead Allocated $710,000 MINOR APPROACH AMOUNT CHANGE POST CLOSING BALANCE MINOR APPROACH Record the Journal Entry using the Minor Approach for closing out over- or under-allocated overhead DEBIT INSTRUCTIONS Q1 Q2 Ready Accessibility: Investigate CREDIT $710,000