hi, im doing the most of it right but it shows im some wrong in some places. i dont seem to understand 3-b and 4 please help with calculations.

Rovsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $18,000 $10,00 $30,400 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 36.400 machine-hours and incur $161.980 in manufacturing overhead cost. The following transactions were recorded for the year a. Raw materials were purchased on account $200,000 b. Raw materials were requisitioned for use in production $194,000 (80% direct and 20% indirect) c. The following costs were incurred for employee services Direct labour Indirect labour Sales commissions Administrative salaries 5163,200 $ 27,600 $ 37,200 $ 81,630 d Heat, power and water costs were incurred in the factory $43 800 e Prepaid insurance expired during the vear $12.000 185 relates to factory operation and 15 relates to Seling and administrative d. Heat, power, and water costs were incurred in the factory 543,800 e Prepaid Insurance expired during the year. $12,000 (85% relates to factory operations, and 15% relates to selling and administrative activities) f. Advertising costs were incurred. $52000 g. Depreciation was recorded for the year $62.400 (90% relates to factory operations, and 10% relates to selling and administrative activities) h Manufacturing overhead cost was applied to production. The company recorded 40,800 machine hours for the year, Goods that cost $497600 to manufacture according to their job cost sheets were transferred to the finished goods warehouse Sales for the year totalled $718,600 and were all on account. The total cost to manufacture these goods according to their job cost sheets was $491,800 Required: 1. Prepare journal entries to record the transactions given above (Do not round intermediate calculations. If no entry is required for a transaction/event, oelect "No journal entry required" in the first account field.) Answer is complete and correct. No Transaction General Journal Dobit Credit 1 a 208.000 Raw materials Accounts payable 208.000 2 Work in process Manufacturing overhead 155 200 38,800 3 Work in process Manufacturing overhead Sales commissions expense Administrative salaries expense Salaries and wages payable OBO 163,200 27,800 37,200 81,600 309.800 4 d Manufacturing overhead Accounts payable 43,800 43,800 5 e Manufacturing overhead Insurance expense Prepaid insurance Solo 10 200 1,800 12,000 6 f 52,000 Advertising expense Accounts payable 00 52.000 7 9 Manufacturing overhead Depreciation expense Accumulated depreciation 56,160 6,240 62.400 8 181,560 h Work in process Manufacturing overhead 30 191 580 2. Prepare T-accounts for inventories, Manufacturing Overhead, and Cost of Goods Sold Post relevant data from your journal entries to these T-accounts (don't forget to enter the opening balances in your inventory accounts). Compute an ending balance in each account Beg Bai Raw Materials 18.000 208,000 194000 32,000 lo D End Bal Answer is not complete. Manufacturing Overhead Beg Bai 38.800 181,500 27 300 43,800 10.200 58.160 End. Bal 4.800 d 000 e Cost of Goods Sold Bog Bal b Beg Bail Work in Process 10.800 155,200 497 600 163,200 181560 13. 100 1 End Bal 491 800 491 800 h End Bal Finished Goods 3-b. Prepare a journal entry to properly dispose of any balance in the Manufacturing Overhead account (Do not round intermediate calculations and round your final answers to 2 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event Debit Credit 1 Answer is not complete. General Journal Manufacturing overhead Cost of goods sold Finished goods Work in process 4,800.00 OOOO 4. Prepare an income statement for the year. (Do not round intermediate calculations and round your final answers to nearest whole dollar amount.) Answer is not complete. RAVSTEN COMPANY Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross profit Selling and administrative expenses Sales commissions Administrative salanes Insurance expense Advertising expenses Depreciation expense Operating income 0 OOOOOO ola OR 0 Rovsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $18,000 $10,00 $30,400 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 36.400 machine-hours and incur $161.980 in manufacturing overhead cost. The following transactions were recorded for the year a. Raw materials were purchased on account $200,000 b. Raw materials were requisitioned for use in production $194,000 (80% direct and 20% indirect) c. The following costs were incurred for employee services Direct labour Indirect labour Sales commissions Administrative salaries 5163,200 $ 27,600 $ 37,200 $ 81,630 d Heat, power and water costs were incurred in the factory $43 800 e Prepaid insurance expired during the vear $12.000 185 relates to factory operation and 15 relates to Seling and administrative d. Heat, power, and water costs were incurred in the factory 543,800 e Prepaid Insurance expired during the year. $12,000 (85% relates to factory operations, and 15% relates to selling and administrative activities) f. Advertising costs were incurred. $52000 g. Depreciation was recorded for the year $62.400 (90% relates to factory operations, and 10% relates to selling and administrative activities) h Manufacturing overhead cost was applied to production. The company recorded 40,800 machine hours for the year, Goods that cost $497600 to manufacture according to their job cost sheets were transferred to the finished goods warehouse Sales for the year totalled $718,600 and were all on account. The total cost to manufacture these goods according to their job cost sheets was $491,800 Required: 1. Prepare journal entries to record the transactions given above (Do not round intermediate calculations. If no entry is required for a transaction/event, oelect "No journal entry required" in the first account field.) Answer is complete and correct. No Transaction General Journal Dobit Credit 1 a 208.000 Raw materials Accounts payable 208.000 2 Work in process Manufacturing overhead 155 200 38,800 3 Work in process Manufacturing overhead Sales commissions expense Administrative salaries expense Salaries and wages payable OBO 163,200 27,800 37,200 81,600 309.800 4 d Manufacturing overhead Accounts payable 43,800 43,800 5 e Manufacturing overhead Insurance expense Prepaid insurance Solo 10 200 1,800 12,000 6 f 52,000 Advertising expense Accounts payable 00 52.000 7 9 Manufacturing overhead Depreciation expense Accumulated depreciation 56,160 6,240 62.400 8 181,560 h Work in process Manufacturing overhead 30 191 580 2. Prepare T-accounts for inventories, Manufacturing Overhead, and Cost of Goods Sold Post relevant data from your journal entries to these T-accounts (don't forget to enter the opening balances in your inventory accounts). Compute an ending balance in each account Beg Bai Raw Materials 18.000 208,000 194000 32,000 lo D End Bal Answer is not complete. Manufacturing Overhead Beg Bai 38.800 181,500 27 300 43,800 10.200 58.160 End. Bal 4.800 d 000 e Cost of Goods Sold Bog Bal b Beg Bail Work in Process 10.800 155,200 497 600 163,200 181560 13. 100 1 End Bal 491 800 491 800 h End Bal Finished Goods 3-b. Prepare a journal entry to properly dispose of any balance in the Manufacturing Overhead account (Do not round intermediate calculations and round your final answers to 2 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event Debit Credit 1 Answer is not complete. General Journal Manufacturing overhead Cost of goods sold Finished goods Work in process 4,800.00 OOOO 4. Prepare an income statement for the year. (Do not round intermediate calculations and round your final answers to nearest whole dollar amount.) Answer is not complete. RAVSTEN COMPANY Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross profit Selling and administrative expenses Sales commissions Administrative salanes Insurance expense Advertising expenses Depreciation expense Operating income 0 OOOOOO ola OR 0