The following information was provided about the activity of a company for the financial year ended 30 June 2020. The company uses normal costing. Beginning balance of Work in progress (WIP) 1 July 2019 $1,100,000 Ending balance of Work in Progress (WIP) 30 June 2020 $1,250,000 Beginning balance of Finished goods inventory 1 July 2019 $1,300,000 Ending balance of Finished goods inventory 30 June 2020 $1,250,000 $2,500,000 Cost of goods sold for the year ended 30 June 2020 (unadjusted) Overheard driver Direct labour hours Budgeted manufacturing overhead for the period $800,000 Budgeted direct labour hours for the period 80,000 Actual direct labour hours for the period 70,000 Indirect materials used in production $20,000 Factory Electricity $120,000 Factory Rent $240,000 Factory supervisor's salaries $200,000 Factory equipment depreciation $220,000 Depreciation on sales office equipment $50,000 Insurance costs on sales office $80,000 Sales staff salaries $100,000 a) Write the journal entry to reconcile the differences between actual and applied overhead for the year ended 30 June 2020. The differences were material b) Write the journal entry to record the period costs the Income Statement is Selling expenses. . The company records expenses according to their function. One of the categories in