IIB (Click the icen to view the data.) (Click the icon to view the additional informesion.) Read the Requirement 1. Prepare journal entries for the December 31 payroll. (Record deblis frst, then credits. Exclude explanations from arry joumal entries.) Begin by preparing the journal entry to recognize indirect and direct payroll for the December 31 work day. Requirements 1. Prepare joumal entries for the December 31 paryroll. 2. Use T-accounts to compute the following: a. The total amount of malerials requisitioned into work-in-process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simulaneously) c. The tolal amount of manufacturing overhead recorded in work in process during December d. Ending balance in work in process, December 31 Now prepare the joumal antry to allocate manutacturing overhead. c. Cost of goods sold for December before adjustments for undar- or overallocated manutacturing orerhead 3. Prepare closing joumal ontries related to manufacturing overhead. Assume that all under- or overallocated manufacturing overhead is closed directly to Cost of Goods Sold. Requirement 2. Use T-accounts to compute the following transactions \# (Click the icon to view the transactions.) manufactured; COGS = Cost of goods sold.) More info Data table Additional information: a. Direct materials purchased during December were $66,400. b. Cost of goods manufactured for December was $236,000. c. No diect malerials were retumed to suppliers. d. No units were started or completed on December 31 and no droct matoriais were requivisioned on December 31. e. The manufacturing labor costs for the December 31 working day: direct manufacturing labor, $4,350, and indiract manufacturing labor, $1,460. f. Marufacturing overhead has been alocated at 140% of direct manufacturing labor costs through December 31