The blue streak company has provided the following data for the month of April 

                                Beginning            Ending 

Raw Materials        $42,000              $35,000  

Work in Process    $28,000               $32,000 

Finished Goods    $68,000               $75,000 

Additional Information:  

Raw Materials Purchases $86,000 

Direct Labor cost $82,000 

Manufacturing overhead incurred $48,000 

Bluestreak company used a predetermined overhead rate of $5 per machine-hour to apply overhead cost to jobs. a total of 9000 machine hours were used during the month of April. Any underapplied or overapplied manufacturing overhead is closed out to the cost of goods sold.

 Required

1. Prepare a cost of goods manufactured in good form.

2. Prepare the necessary journal entry to close out any underapplied or overapplied overhead