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Record underapplied factory overhead to cost of goods sold

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Question: Record the journal entry to close over- or underapplied factory overhead to Cost of Goods Sold for each of the independent cases below.

                                                       JK Concert                                     EL Home
                                                       Promotions                                     Builders

Actual indirect materials costs . . . . . . . . $12,000                                      $ 6,500

Actual indirect labor costs . . . . . . . . . . . 56,000                                        46,500

Other overhead costs . . . . . . . . . . . . . . . 17,000                                      49,000

Overhead applied . . . . . . . . . . . . . . . . . . 96,200                                    106,800

Reference no: EM131536399

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