Super Speed Motor Co. assembles motors of sport cars. It jobs costing system has two direct cost categories (direct materials and direct labors) and one indirect cost pool ( manufacturing overhead allocated at a budgeted rate per machine hour.) The budgeted manufacturing overhead was $800,000 and the budgeted machine hours 200,000. The following data ( in thousands ) pertain to January 2020:

a) Direct materials and supplies purchased on account 22 b) Direct materials used 19 c) Indirect materials issued to various production departments 2 d) Direct manufacturing labor paid.. 20 e) Indirect manufacturing labor incurred by various departments .. 8 f) Manufacturing overhead was incurred as follows: Depreciation .. 2 Expired insurance . 1 Miscellaneous manufacturing overhead ... 4 g) Completed jobs and transferred to the warehouse.. 54 h) Credit sales 63 i) Cost of goods sold . 50 j) Used machine hours during January. 4 hours

Required: 1. Prepare general journal entries to summarize January transactions. 2. As your final entry, dispose of the month end over or underallocated manufacturing overhead as a direct write off to Cost of Goods Sold.