Howard Co utilizes a job order costing system to produce special customizable products. The following information is available for Howard Co. April 20 Inventories May 31 Raw materials $45,000 5 Work in process 56,000 10,600 22,100 Finished goods 65,000 39,600 Activities and information for May Raw materials purchases (paid with cash) 214,000 Factory payroll (paid with cash) 353,000 Factory overhead Indirect materials 19,000 Indirect labor 54,000 Other overhead costs 124,000 Sales (received in cash) 1,440,000 Predetermined overhead rate based on direct labor cost ae Requirement 1: Determine whether there is over or underapplied overhead for Howard Co's productions. Requirement 2: Prepare the journal entry to allocate le... close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. A Overhead Absorption General Journal Determine whether there is over or underapplied overhead PO 1 of BIH Next > requirement 1: Determine whether there is over or underapplied overhead for Howard Co.'s pre Requirement 2: Prepare the journal entry to allocate (e.g., close) overapplied or underapplied on Complete this question by entering your answers in the tabs below. Overhead Absorption General Journal Determine whether there is over or underapplied overhead. Factory Overhead General Journal > Journal entry worksheet A Record entry to allocate (close) underapplied/overapplied overhead to cost of goods sold. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal