Morris Corporation applies manufacturing overhead to jobs at a rate of $50 per direct labor hour. During the current period, actual overhead costs totaled $240,000, and 5,000 direct labor hours were worked by the company's employees. a. Record the journal entry to close the Manufacturing Overhead account directly to Cost of Goods Sold at the end of the period. b. Was manufacturing overhead overapplied, or was it underapplied? Complete this question by entering your answers in the tabs below. Required A Required B Record the journal entry to close the Manufacturing Overhead account directly to Cost of Goods Sold at the end of the period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 250,000 Cost of goods sold Manufacturing overhead 250,000 Required A Required B > Morris Corporation applies manufacturing overhead to jobs at a rate of $50 per direct labor hour. During the current period, actual overhead costs totaled $240,000, and 5,000 direct labor hours were worked by the company's employees. a. Record the journal entry to close the Manufacturing Overhead account directly to Cost of Goods Sold at the end of the period. b. Was manufacturing overhead overapplied, or was it underapplied? Complete this question by entering your answers in the tabs below. Required A Required B Was manufacturing overhead overapplied, or was it underapplied? by