Need help with questions 3-b and 4. I have tried everything I can think of to find the COGS/FINISHED GOODS/WORK IN PROCESS on the credit side of question 3-b.

Question 4 is only missing cost of goods sold and gross profit

Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 26,000 $ 14,000 $32,000 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 38,000 machine-hours and incur $153,900 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account: $240,000. b. Raw materials were requisitioned for use in production: $210,000 (90% direct and 10% indirect). c. The following costs were incurred for employee services: Direct labour Indirect labour Sales commissions Administrative salaries $176,000 $ 31,000 $ 42,000 $ 88,000 d. Heat, power, and water costs were incurred in the factory: $51,000. e. Prepaid insurance expired during the year: $20,000 (75% relates to factory operations, and 25% relates to selling and administrative activities). f. Advertising costs were incurred, $60,000. g. Depreciation was recorded for the year: $72,000 (80% relates to factory operations, and 20% relates to selling and administrative activities). h. Manufacturing overhead cost was applied to production. The company recorded 44,000 machine-hours for the year. i. Goods that cost $539,200 to manufacture according to their job cost sheets were transferred to the finished goods warehouse. j. Sales for the year totalled $793,000 and were all on account. The total cost to manufacture these goods according to their job cost sheets was $530,200. Answer is complete and correct. No Transaction General Journal Debit Credit 1 a. Raw materials 240,000 Accounts payable 240,000 2 b. 189,000 Work in process Manufacturing overhead Raw materials 21,000 210,000 3 C 176,000 31,000 Work in process Manufacturing overhead Sales commissions expense Administrative salaries expense Salaries and wages payable OOOOO 42,000 88,000 337,000 4 d. 51,000 Manufacturing overhead Accounts payable 51,000 5 e Manufacturing overhead Insurance expense Prepaid insurance 15,000 5,000 20,000 OOO 00 6 f. 60,000 Advertising expense Accounts payable 60,000 7 g Manufacturing overhead Depreciation expense Accumulated depreciation 57,600 14,400 72,000 8 h. Work in process Manufacturing overhead olol 178,200 178,200 9 i. 539,200 ned goods Work in process 539,200 10 j-1. Accounts receivable 793,000 ool Sales 793,000 11 J-2 530,200 Cost of goods sold Finished goods OO 530,200 2. Prepare T-accounts for inventories, Manufacturing Overhead, and Cost of Goods Sold. Post relevant data from your journal entries to these T-accounts (don't forget to enter the opening balances in your inventory accounts). Compute an ending balance in each account. Answer is complete and correct. Manufacturing Overhead Beg. Bal. Beg. Bal. Raw Materials 26,000 240,000 210,000 56,000 a. b. 178,200 h. End. Bal. . d. 21,000 31,000 51,000 15,000 57,600 e. g. End. Bal. 2,600 Cost of Goods Sold Beg. Bal. Work in Process 14,000 189,000 539,200. Beg. Bal. b. ). End. Bal. OOO 530,200 530,200 C. h. 176,000 178,200 18,000 End. Bal. Beg. Bal. Finished Goods 32,000 539,200 530,200 41,000 i. End. Bal. 3-a. Is manufacturing overhead underapplied or overapplied for the year? Underapplied overhead Overapplied overhead 3-b. Prepare a journal entry to properly dispose of any balance in the Manufacturing Overhead account. (Do not round intermediate calculations and round your final answers to 2 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Jular shi X Answer is not complete. No Event General Journal Debit Credit A 1 2,600.00 Manufacturing overhead Cost of goods sold Finished goods Work in process OOOO 4. Prepare an income statement for the year. (Do not round intermediate calculations and round your final answers to nearest whole dollar amount.) Answer is not complete. RAVSTEN COMPANY Income Statement For the Year Ended December 31 Sales 793,000 OOO 793,000 Cost of goods sold Gross profit Selling and administrative expenses: Sales commissions Administrative salaries $ 42,000 88,000 5,000 60,000 Insurance expense Advertising expenses Depreciation expense Operating income 14,400 209,400 $ 583,600