Pina, a coffee-mug producer, generally conducts over half of its business in the last month of the calendar year due to holiday sales, By the end of December, its fiscal year-end, Pina had accumulated Cost of Goods Sold in the amount of $256,000. Pina's business model is to maintain minimal WIP Inventory and FG Inventory, so these two accounts had balances of just $21,000 and $26,000, respectively. on December 31. Pina does hold a fair amount of RM Inventory, however, so it will be able to quickly fulfill its orders. As a result, its December 31 RM imentory (all direct materials) is $91.000. Pina utilizes a normal costing system, in its effort to have timely applied MOH information for each custom job, and its budgeted MOH rate is $2.25/ direct labor hour. Budgeted MOH at the beginning of the year was $161.000; actual MOH costs incurred by the end of the year were $173,000. Actual direct labor hours used were 72,000. Record the journal entry to close out that MOH difference by using the direct write-off method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) eTextbook and Media Attempts: 0 of 5 used