were 54,400 . The actual factory overhead for the year was $973,000. Required: a. Determine the total factory overhead amount applied. b. Compute the overapplied or underapplied amount for the year. Enter the amount as a positive value. c. Prepare the journal entry to close Factory Overhead into Cost of Goods Sold. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a joumal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Factory Overhead a. Determine the total factory overhead amount applied. Total factory overhead applied General Journal c. Prepare the journal entry to close Factory Overhead into Cost of Goods Sold on December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. b. Compute the overapplied or underapplied amount for the year. Enter the amount as a positive value. Factory overhead is by