Sales for the year (all paid in cash) totaled $519,000. The total cost to manufacture these goods according to their job cost sheets was $218,000. Hint: Record the sale transaction first, and account for the change to inventory second. Date Account Description Debit Credit Is manufacturing overhead underapplied or overapplied for the year? Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. Date Account Description Debit Credit