Following information is taken from the accounts of Elizabeth Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year:

The overhead applied to production during the year is distributed among the ending balances in the accounts as follows:

Work in Process, ending $ 16,400 Finished Goods, ending $ 20,500 Cost of Goods Sold $ 168,100 Overhead applied $ 205,000

Required:

Calculate parts I IV in the T-accounts.

The company allocates any balance in the Manufacturing Overhead account to the other accounts in proportion to the overhead applied during the year that is in the ending balance in each account. Prepare the necessary journal entry, with supporting computations.