Oddley Corporation uses a job order costing system. The following information pertains to costs applied to jobs during the current year: Jobs still in process at the end of the year: $167,000, which includes $65,000 direct labor costs. Jobs finished and sold during the year: $395,000, which includes $172,000 direct labor costs: Jobs finished but unsold during the year. $103,000, which includes $38,000 direct labor costs. Oddley Corporation's predetermined overhead rate is 60% of direct labor cost. At the end of the year, the company's records show that $189,000 of actual factory overhead has been incurred. (a) Determine the amount of overapplied or underapplied overhead. (b) Prepare the necessary journal entry to close the Factory Overhead account assuming that any remaining balance is not material Please submit your file attachment response in one of the approved file formats: Word file (.doc or .docx), Excel file (xls or .xlsx), or PDF. To submit photo or image files please paste them into Word or PDF. Consult with your instructor as needed on their preferred file attachment format.