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[The following information applies to the questions displayed below.] The following information pertains to Trenton Glass Works for the year just ended. Budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour Actual direct-labor cost: 80,000 hours at $17.50 per hour Budgeted manufacturing overhead: $997,500 Actual selling and administrative expenses: 433,000

Actual manufacturing overhead:
Depreciation	$	233,000
Property taxes		22,000
Indirect labor		81,000
Supervisory salaries		202,000
Utilities		59,000
Insurance		33,000
Rental of space		301,000
Indirect material (see data below)		80,000
Indirect material:
Beginning inventory, January 1		49,000
Purchases during the year		94,000
Ending inventory, December 31		63,000

3. Prepare a journal entry to close out the Manufacturing Overhead account into Cost of Goods Sold.