transaction/event, select "No journal entry requirea in the first account nia.) View transaction list Journal entry worksheet A Record the entry allocation of over applied overhead to the other account on the bases of amounts of overhead apply during the year in the ending balance during each account. Note: Enter debits before credits, Transaction 1. General Journal Debit Credit View general journal Record entry Clear entry 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) 400,000 (b) 435,000 Bal. 35,000 Work in Progress Bal. 110,000 (c) 785,000 215,000 120,000 (b) 435,000 Bal. 95,000 Finished Goods Bal. 167,500 (d) 842,500 (c) Bal. Cost of Goods Sold 785,000 110,000 (d) 842,500 The overhead applied to production during the year is distributed among the ending balances in the accounts as follows: Work in Process, ending Finished Goods, ending. Cost of Goods Sold Overhead applied $ 34,800 43,500 356,700 $435,000 For example, of the $95,000 ending balance in Work in Process, $34,800 was overhead applied during the year. < Prev 2 of 2 Next > For example, of the $95,000 ending balance in Work in Process, $34,800 was overhead applied during the year. Required: 1. Identify the reasons for entries (a) through (d). Item (a): Item (b): Item (c): Item (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.) View transaction list " Check my wor