please complete the entire thing

Virtual Company produces gadgols for the coveted small pian marketThe following data reflect activity for the year 2020 come moon to view the data) Virtual Coutes a nemal coating system and blocaten overhead to work in process at a rate of 82,50 per dire manufacturing lobor dollar. Indirect materials are insignifcant so there is no inventory Account for indre mais Read the Requirement 1. Preore journal entities to record the transactions for 2020 including an entry to come out under or overallocated overhead to cost of goods sold. For each mal entry indicate the source document that would be used to authorize each entry. Also not which totidiary lodger, if any, should be mferenced as backup for the entry Record debite fient, than crudita Erde explanation from any constanten) Record the purchase of direct materials $125.000 Journal Entry Accounts Debit Credit Requirements Costs incurred Purchases of direct materials (not) on credit Direct manufacturing labor cost Indirect labor Depreciation, factory equipment Dupreciation office equipment Maintenance, factory equipment Miscellaneous factory overhead Rant, factory building Advertising expense Sales commissions 5 125.000 80.000 54.700 30.000 7.300 20.000 9.800 70,000 92.000 36,000 1. Prepare journal entries to record the transactions for 2020 including an entry to close out under or overallocated overhead to cost of goods sold. For each journal entry indicate the source document that would be used to authorita each entry. Also note which subsidiary ledger, if any, should be referenced as backup for the entry 2. Post the journal entries to T-accounts for all of the inventories Cost of Goods Sold, the Manufacturing Overhead Control Account and the Manufacturing Overhead Allocated Account Print Done Intres Direct materials Work in process Finished goods January 1, 2020 December 31, 2020 $ 9.70015 13.000 6.200 24,000 66,000 32.000