Question 1: Determine the missing amounts.

Question 2:

MCH Corporation manufactures computers. Using a predetermined rate that is based on machine hours, MCH allocated manufacturing overhead cost $70,000,000 to jobs this year. At year end, the actual manufacturing overhead cost incurred was reported as $110,000,000. What entry would MCH make in the Cost of Goods Sold and Manufacturing overhead account to close the manufacturing overhead account?

Raw Materials Inventory Work-in-Process Inventory Finished Goods Inventory 27,000 36,000 7,000 12,000 3,000 Bal 4,000 Bal Bal 7,000 Accumulated Depreciation Accounts Payable Wages Payable 10,000 27,000 Manufacturing Overhead Cost of Goods Sold 3,000 1,000 10,000 12,000 2,000 Bal Ba. 31,000