need help with these sections, and the last 2 general journal entries. thanks!

Chap 3 GRADED Help Suve & Exit Check my 4 25 DO Gold Nest Company of Guandong, China, is a family owned enterprise that makes birdcages for the South China market. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. The company uses a job-order costing system in which overhead is applied to jobs on the basis of direct labor cost. Its predetermined overhead rate is based on a cost formula that estimated $330,000 of manufacturing overhead for an estimated activity level of $200,000 direct labor dollars. At the beginning of the year, the Inventory balances were as follows: Work in pro Tihad good $25.000 $10,000 540,000 During the year, the following transactions were complete Raw materials purchased on account, $275,000 b. Raw materials used in production $280,000 (materials costing $220,000 were charged directly to jobs, the remaining materials Conts for employee services were incurred as follows: Dr Tabor Indret labor Sales commission Administrative salaries $ 160,000 72,000 563.000 $ 90,000 d. Rent for the year was $18,000 ($13,000 of this amount related to factory operations, and the remainder reinted to selling and administrative activities) e. Utility costs incurred in the factory, $57,000 f. Advertising costs incurred, $140,000 9. Depreciation recorded on equipment, $100,000 ($88,000 of this amount related to equipment used in factory operations, the remaining $12,000 related to equipment used in seling and administrative activities) h Rornart the manufacturinn nurhadrnet and the G D 44 biti conacondenterne browseruchurlah 253A%22F%252Fwcoinci meducation.com%252Ftitution Chap 3 GRADED Help Save 4 Exit Subs Check my way 4 25 Direct To En laher Sala colon Mittrative startet 1180,000 $72,000 $3,000 90,000 ce d. Rent for the year was $18.000 (513,000 of this amount related to factory operations, and the remaindet related to selling and administrative activities) Utlity costs incurred in the factory, $57,000 Advertising costs incurred, $140,000 9. Depreciation recorded on equipment, $100,000,($88.000 of this amount related to equipment used in factory operations the remaining $12,000 related to equipment used in selling and administrative activities) h. Record the manufacturing overhead cost applied to jobs Goods that had cost $675,000 to manufacture according to their job cost shoots were completed J.Sales for the year all pold in cash totaled $1.250,000. The total cost to manufacture those goods according to their job cost shots wis $700,000 Refren Required: 1. Prepare journal entries to record the transactions for the year 2. Prepare T-accounts for each inventory account Manufacturing Overhead, and cost of Goods Sold Post relevant data from your Journal entries to these T accounts (don't forget to enter the beginning balances in your inventory accounts 3A. Is Manufacturing Overhead underapplied or overapplied for the year? 3B. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold 4. Prepare an income statement for the year (All of the information needed for the income statement is available in the journal entries and T-accounts you have prepared.) Complete this question by entering your answers in the tabs below. Req Reg 2 Reg 3 Reg 38 Reg 4 RADED Saved Reg 1 Reg 2 Reg 3A Reg 3B Reg 4 Prepare T-accounts for each inventory account Manufacturing Overhead, and Cost of Goods Sold. Post relevant data from your journe T-accounts (don't forget to enter the beginning balances in your inventory accounts). Raw Materials Work in Process Bog Bal Beg. Bal End. Bal. End. Bal Finished Goods Manufacturing Overhead Beg. Bal Beg Bal End. Bal Cost of Goods Sold End, Bal Beg Bal End. Bat. ( Req1 Req 3A > 4 Reg 1 Reg 2 Req Req 3B Reg 4 Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. (If transaction/event, select "No journal entry required" in the first account field.) View transaction list Book Journal entry worksheet