Underapplied or Overapplied Overhead At the end of the year, Jackson Tank Company's accounts showed a $145,200 credit balance in Manufacturing Overhead Control. In addition, the caipany had the following account balances Work in Process inventory $44.900 Finished Goods Inventory 211,200 Cost of Goods Sold 1.584000 a. Prepare the necessary journal entry to close the overhead account if the balance is considered immaterial. Account Debit Credit b. Prepare the necessary journal entry to close the overhead account if the balance is considered material Note: List credit accounts in alphabetical order by account name. Check Account Debit Credit