I need help with questions 7b. 8 and 9.

Pineway Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Pineway for 2017 are as follows: B (Click the icon to view the T-accounts.) (Click the icon to view the additional information.) Read the requirements. T-accounts More Info Direct Materials Control Work-in-Process Control 1-1-2017 46,000 1-1-2017 237,000 38,000 132,000 Finished Goods Control 1-1-2017 14,000 884,960 926,270 a. Direct manufacturing labor wage rate was $15 per hour. b. Manufacturing overhead was allocated at $19 per direct manufacturing labor-hour. c. During the year, sales revenues were $1,010,000, and marketing and distribution costs were $129,000. Dir. Manuf. labor 357,000 Manufacturing Overhead Control Manufacturing Overhead Allocated Cost of Goods Sold 517,000 Print Print Done Done Print Done monovovao Cost of Goods Sold A Requirements 1. What was the amount of direct materials issued to production during 2017? 2. What was the amount of manufacturing overhead allocated to jobs during 2017? 3. What was the total cost of jobs completed during 2017? 4. What was the balance of work-in-process inventory on December 31, 2017? 5. What was the cost of goods sold before proration of under- or overallocated overhead? 6. What was the under- or overallocated manufacturing overhead in 2017? 7. Dispose of the under- or overallocated manufacturing overhead using the following a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 8. Using each of the approaches in requirement 7, calculate Pineway's operating income for 2017. 9. Which approach in requirement 7 do you recommend Pineway use? Explain your answer briefly. Print Done Requirement 1. What was the amount of direct materials issued to production during 2017? Direct materials issued to production during 2017 was $ 237,000 Requirement 2. What was the amount of manufacturing overhead allocated to jobs during 2017? First identify the formula to calculate the manufacturing overhead allocated. Direct manufacturing labor hours X Manufacturing overhead rate = Manufacturing overhead allocated Manufacturing overhead allocated to jobs during 2017 was $ 452,200. Requirement 3. What was the total cost of jobs completed during 2017? The total cost of jobs completed during 2017 was $ 926,270 . Requirement 4. What was the balance of work-in-process inventory on December 31, 2017? Post the entries during the year in the Work-in-process control account to determine the ending balance on December 31, 2017. Be sure to select reference labels for each of the entries. 1-1-2017 926,270 Direct materials Direct manufacturing labor Manufacturing Overhead allocated Work-in-Process Control 46,000 | Transferred to finished goods 237,000 357,000 452,200 1231-2017 165,930 Requirement 5. What was the cost of goods sold before proration of under- or overallocated overhead? The cost of goods sold before proration of under- or overallocated overhead was $ 884,960 Requirement 6. What was the under- or overallocated manufacturing overhead in 2017? The under- or overallocated manufacturing overhead in 2017 was $ 64,800 Requirement 7a. Dispose of the under- or overallocated manufacturing overhead using the write-off to Cost of Goods Sold. The Cost of goods sold account balance after the write-off is $ 949,760 Requirement 7b. Dispose of the under- or overallocated manufacturing overhead using proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold. Enter the account balances before proration, then the adjustment amounts and finally, calculate the account balances after proration. Account Balance (Before Proration) Account 165,930 Work-in-Process Finished Goods Cost of Goods Sold