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 (a) 444,000 (6) 490,000 46,000 Work in Progress Bal (6) 840,000 121,000 226,000 131,000 490,000 (b) Bal. 128,000 Finished Goods Bal. 892,000 (d) 184,000 840,000 132,000 Cost of Goods Sold (d) 892,000 The overhead applied to production during the year is distributed among the ending balances in the accounts as follows: 37:12 Work in Process, ending Finished Goods, ending Cost of Goods Sold $ 49,000 73,500 367,500 Overhead applied $490,000 For example of the $128,000 ending balance in Work in Process, $49,000 was overhead applied during the year Required: 1. Identify the reasons for entries (a) through (d). Item (a) Item (b) Item (c) Item (d): Save & EX 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 ist Journal entry worksheet 41 Record the entry allocation of over applied overhead to the other account on the base of amounts of overhead apply during the year in the ending balance during each account Noter Erter des forced Transaction General Journal Det Credit Brey 17 of 20 Next >