Hudson Company is a manufacturing firm that uses job-order costing, and they apply overhead to jobs using a predetermined overhead rate of $11 per machine hour. The following transactions occurred during the year: a. Purchased materials on account, $90,000. b. The following employee costs were incurred: Direct labour Indirect labour Office salaries $ 45,000 8,500 14,000 c. Direct materials used in production were $82,000 and indirect materials used were $11,000. d. Other manufacturing overhead costs incurred on account of $20,000. e. Manufacturing overhead was applied to production based on 3,200 machine hours used during the year. Required: 1. Prepare general journal entries to record the above events. Identify each journal entry by letter in the date column. (13 marks) 2. Prepare a journal entry to close any over or under applied overhead in the manufacturing overhead account to the cost of goods sold account. (3 marks)