Howard Co. utilizes a job order costing system to produce special customizable products. The following information is available for Howard Co.: April 30 May 31 $ $47,500 11,100 67,500 61,000 23,100 44,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 219,000 363,000 24,000 89,000 129,000 1,490,000 750 Requirement 1: Determine whether there is over or underapplied overhead for Howard Co's productions. Requirement 2: Prepare the journal entry to allocate (e.g., close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Overhead General Absorption Journal Determine whether there is over or underapplied overhead. Factory Overhead Ord Absorption General Journal >