Practice (not for grade) : Fairfield Company applies manufacturing overhead to products at a predetermined rate of $66 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here:

Item Description Total Cost

Direct materials Used on Jobs 101 and 102 70,000

Indirect materials Used on multiple jobs 13,400

Hourly labor wages 880 hours @ $33 per hour

150 hours for Job 101 = $ 4,950

270 hours for Job 102 = 8,910

460 hours for Job 103 = 15,180 29,040

Factory supervision 3,350

Production engineer 6,000

Factory janitorial work 1,600

Selling, general, and administrative salaries 8,800

Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) 6,200

Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.) 4,400

Record the transfer of manufacturing overhead account balance to cost of goods sold.

a. ____________ Debit or Credit

____________ Debit or Credit