During the the following transactions were completed 02.000 were charged directly to jobs them w ma burchased on account S10 DOO Raw me sed in production $45.000 metr os were indirect c. Conform e Vices were incurred as follows: Direct labor Indirect labor $270,700 $ 25,000 Ainistrative salaries y conce d ont for the year was 300 $13.700 of the amount related to factory operations, and the remainder sed to sing and a rvescov) U rodinnor, SLOGO L ong concurred S2000 Deprecho recorded on equipment 524000 57000 of the amount related to equipment used in factory options the naming $7.000 toequipment used in seting and strative acts Record the manufacturing overhead cost applied to jobs L Goods that had cow 5227.000 10 manufacture according to both were completed Sales for the year and in cash old 510.000. The total cost manufacture the goods according to the c hos was $215.000 Required . Prepare your res to record the transactions for the year 2. Prepare accounts for each invo ccount Manufacturing Overhead, and cost of Goods Sold Post relevant Journal entries to these Taccounts don't forget to the beginning balance in your inventory account 3A is Manufacturing Overhead underapplied or overned for the year? 3. Prepare journal entry to cose any balance in the Manufacturing Overhead account to cost of Goods Sold 4. Prepare an income statement for the yeat All of the information needed for the income t a ble in the jumaltes and T-accounts you have prepared Complete thesion by entering your answers in the tabs below. I Prepare an income statement for the year entries and Tacones you have prepared.) of the formation needed for the income During the the following transactions were completed 02.000 were charged directly to jobs them w ma burchased on account S10 DOO Raw me sed in production $45.000 metr os were indirect c. Conform e Vices were incurred as follows: Direct labor Indirect labor $270,700 $ 25,000 Ainistrative salaries y conce d ont for the year was 300 $13.700 of the amount related to factory operations, and the remainder sed to sing and a rvescov) U rodinnor, SLOGO L ong concurred S2000 Deprecho recorded on equipment 524000 57000 of the amount related to equipment used in factory options the naming $7.000 toequipment used in seting and strative acts Record the manufacturing overhead cost applied to jobs L Goods that had cow 5227.000 10 manufacture according to both were completed Sales for the year and in cash old 510.000. The total cost manufacture the goods according to the c hos was $215.000 Required . Prepare your res to record the transactions for the year 2. Prepare accounts for each invo ccount Manufacturing Overhead, and cost of Goods Sold Post relevant Journal entries to these Taccounts don't forget to the beginning balance in your inventory account 3A is Manufacturing Overhead underapplied or overned for the year? 3. Prepare journal entry to cose any balance in the Manufacturing Overhead account to cost of Goods Sold 4. Prepare an income statement for the yeat All of the information needed for the income t a ble in the jumaltes and T-accounts you have prepared Complete thesion by entering your answers in the tabs below. I Prepare an income statement for the year entries and Tacones you have prepared.) of the formation needed for the income