Toole Corporation uses a job order costing system and allocates manufacturing overhead at a rate of $$60$ per machine hour. During the period, the company used $1,000$ machine$-$hours and actually incurred manufacturing overhead costs of $$62,000.$

Prepare the summary journal entry:

a$.$ To record the total manufacturing overhead allocated to jobs during the period.

b$.$ To record the actual overhead costs incurred during the period $($make the credit portion of the entry to "Various Accounts"$).$

c$.$ To close the Manufacturing Overhead account directly to Cost of Goods Sold at the end of the period. Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

$3$

Record the entry to allocate manufacturing overhead to production.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,,,],[,,,],[,,,],[,-,,],[,,,],[,\frac{?}{\text{b}\text{a}\text{r}}(5),,]]$