Olive You applies manufacturing overhead at a rate of $0.40 per kilowatt hour (kWh) of electricity. Olive You's production facility used 125,000 kWh of electricity during January. The following information is provided about Olive You's production in January: Olive You overapplied overhead by $1,350 during the month. The company writes off over- or underapplied overhead to cost of goods sold only. $736,000 of inventory was completed during January. $700,000 of inventory was sold during January. PR 4-9 (Static) Question b. What is the journal entry to record the completion of WIP inventory during January? b. What is the journal entry to record the completion of WIP inventory during January? Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 Record the journal entry to the completion of Work in Process inventory during January.