The following information is taken from the accounts of FasGrow Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead Work in Process

________________________________________ (a) 363,000 ________________________________________ (b) 446,000 ________________________________________ Bal. 105,300 ________________________________________(c) 796,700 ________________________________________ ________________________________________ 210,300 ________________________________________ Bal. 83,000 115,300 (b) 446,000 ________________________________________ ________________________________________ Bal. 80,200 Finished Goods Cost of Goods Sold ________________________________________ Bal. 155,000 ________________________________________ (d) 854,700 ________________________________________ (d) 854,700 ________________________________________ (c) 796,700 ________________________________________ ________________________________________ Bal. 97,000 ________________________________________ Required: 1. Identify the reasons for entries (a) through (d). Item (a): Item (b): Item (c): Item (d): ________________________________________ 2. Assume that the company closes any balance in the Manufacturing Overhead account directly to Cost of Goods Sold. Prepare the necessary journal entry. General Journal Debit Credit