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)	404,000		(b)	440,000
			Bal.	36,000

Work in Progress

Bal.	111,000		(c)	790,000
	216,000
	121,000
(b)	440,000
Bal.	98,000

Finished Goods

Bal.	169,000		(d)	847,000
(c)	790,000
Bal.	112,000

Cost of Goods Sold

(d)	847,000

The overhead applied to production during the year is distributed among the ending balances in the accounts as follows:

Work in Process, ending	$	35,200
Finished Goods, ending		44,000
Cost of Goods Sold		360,800
Overhead applied	$	440,000

For example, of the $98,000 ending balance in Work in Process, $35,200 was overhead applied during the year.

Required:

1. Identify the reasons for entries (a) through (d).

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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)