PLEASE DO PARTS 1-6

Jackson Foundry uses a predetermined manufacturing overhead rate to ailocate overhead to individual jobs based on the machine hours requirec At the beginning of the year, the company expocted to incur the following: View the costs. Jackson's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment wos actually $405,000, not the $495,000 that had originally been reported. The unadjusted Cost of Goods Sold balanco at year-end was $570,000. manufacturing overhead allocated to jobs was $452,000 Read the reguitements. Requirement 1. Prepare the journal entry (entries) to record manufocturing overhead coots incurred. (Record debits first, then credits. Exclude explanations from any journal entries.) Costs Requirements 1. Prepare this journal entry (entries) to record manufacturing overhead costs incurred. 2. Prepare the journal entry to record the manufacturing overhead allocated to jobs in production. 3. Use a T-account to determine whether manufacturing overhead is underallocated or overallocated and by how much. 4. Record the entry to close out the underallocated or overallocated manufacturing overhead. 5. What is the adjusted ending balance of Cost of Goods Sold? Jackson Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours Requirement 2. Prepare the journat entry to record the manufacturing overhead allocated to jobs in production. (Record debits first, then credits. Exclude explanations from any journal entrios.) Costs Machine hours. 76,250 At the end of the year, the company had actually incurred the following: Direct labor cost \$ 1,220,000 Depreciation on manufacturing plant and equipment. 495,000 Property taxes on plant. 20,500 Sales salaries 26,000 Delivery drivers' wages. \$ 13,000 Plant janitors' wages. $ 8,000 Machine hours. 56,500 hours