Required information i (The following information applies to the questions displayed below) Midnight Sun Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year, there were no balances in work-in-process or finished goods inventories. The following estimates were included in the current year's budget. Total budgeted manufacturing overhead Total budgeted machine hours $235,000 47,000 During January, the firm began the following production jobs A79: 1,000 machine hours NOB: 2,500 machine hours P82: 500 machine hours During January job numbers A79 and NO8 were completed, and job number A79 was sold. The actual manufacturing overhead incurred during January was $26,000. 2. How much manufacturing overhead was applied to production during january? Appl inanufacturing overnent 3 Part 3 of 5 2 points Print Required information [The following information applies to the questions displayed below] Midnight Sun Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year, there were no balances in work-in-process or finished-goods inventories. The following estimates were included in the current year's budget. Total budgeted manufacturing overhead Total budgeted machine hours $235,000 47,000 During January, the firm began the following production jobs: A79: 1,000 machine hours NO8: 2.500 machine hours P82: 500 machine hours During January, job numbers A79 and NO8 were completed, and job number A79 was sold. The actual manufacturing overhead incurred during January was $26,000 3. Calculate the overapplied or underapplied overhead for January 4 Part 4 of 5 2 poets Required information [The following information applies to the questions displayed below] Midnight Sun Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year, there were no balances in work-in-process or finished-goods) inventories. The following estimates were included in the current year's budget. Total budgeted nanofacturing overhead Total budgeted machine hours 235,000 47,000 During January, the firm began the following production jobs: A79: 1,000 machine hours Fe NOB: 2,500 machine hours PB2: 500 machine hours During January, job numbers A79 and NOB were completed, and job number A79 was sold. The actual manufacturing overhead incurred during January was $26,000 4. Prepare a journal entry to close the balance calculated in requirement 3 into Cost of Goods Sold. If no entry is required for a transaction/event, select "No journal entry required" in the first account field) Journal entry worksheet < 1 Record entry to close out balance of under or over applied overhead to cost of goods sold Prov 4 5 of 5 Next > 2 Per 5 Pi Midnight Sun Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year, there were no balances in work-in-process or finished goods inventories. The following estimates were included in the current year's budget Total budgeted manufacturing overhead Total budgeted machine sour $235,000 47,000 During January, the firm began the following production jobs A79 1,000 machine hours NOB: 2.500 machine hours P82: 500 machine hours During January, job numbers A79 and NDB were completed, and job number A79 was sold. The actual manufacturing overhead incurred during January was $26,000 5. Prepare a journal entry to prorate the balance calculated in requirement 3 among the Work-in-Process Inventory Finished Goods Inventory, and Cost of Goods Sold accounts. (Do not round intermediate calculations. If no entry is required for a transaction/event select "No journal entry required" in the first account field.) View transaction Journal entry worksheet < Record entry to prorate overhead to manufacturing accounts Next Check my wo