(the answers i entered in the credit section have been marked wrong)

The following information is taken from the accounts of Foster Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year Manufacturing Overhead 416,000 (b) 455,000 Bal 39.000 Work in Progress Bal (c) 805.000 114,000 219,000 124,000 455,000 (6) Bal. 107,000 Finished Goods (d) 860,500 (c) 173,500 B05.000 Bal. 118,000 Cost of Goods Sold (d) 860,500 The overhead applied to production during the year is distributed among the ending balances in the accounts as follows: Work in Process, ending Finished Goods, ending Cost of Goods Sold $ 36,400 45,500 373,100 Overhead applied $455,000 For example of the $107.000 ending balance in Work in Process, $36,400 was overhead applied during the year. n.de 2. The company allocates any balance in the Manufacturing Overhead account to the other accounts in proportion to the overhead applied during the year that is in the ending balance in each account. Prepare the necessary journal entry of no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet No General Journal Credit Transaction 1 Debit 39,000 1 Manufacturing Overhead Work in process Finished goods Cost of goods sold 3.900 5.850 29.250