Visual Company produce gadgets for the coveted small appliance market. The following data refled activity for the year 2017 (Click the icon to view the data) Visual Comes anomal-costing system and sociales overhead to work in process state of 5310 per direct manufacturing labor dollar indirect materials are insigniant so there is no inventory account for indirect materials Read the Requirement 1. Prepare journal is to record the tractions for 2017 inding any to dose out we undocated overhead to cost of goods sold Forcach journal entry indicate the source document that would be used to authore each entry. Also note which subsidiary edge should be referenced backup for the entry (Record debts first then credits Exclude explanations from any journal entries ) Record the purchase of direct materials. 5121000 Journal Eny Costs incurred: Purchases of direct materials (net) on credit Direct manufacturing labor cost Indirect labor Depreciation, factory equipment Depreciation office equipment Maintenance, factory equipment Miscellaneous factory overhead Rent factory building Advertising expense $ 121,000 87,000 54,400 53,000 7.700 46,000 9,100 99,000 97,000 39.000 Sales commissions Inventories: January 01 December 31, 2017 Inventories: Jan Direct materials Work in process Finished goods January 1, 2017 December 31, 2017 9.400 $ 18.000 6.500 26,000 60.000 31.000 Prepare journal entries to record the transactions for 2017 including an entry to close out over- or underallocated overhead to cost of goods sold. For each journal entry indicate the source document that would be used to authorize each entry. Also note which subsidiary ledger, if any, should be referenced as backup for the entry. Post the journal entries to T-accounts for all of the inventories, Cost of Goods Sold, the Manufacturing Overhead Control Account, and the Manufacturing Overhead Allocated Account