Butler Manufacturing Company incurred the following actual manufacturing overhead costs: (1) cash paid for plant supervisor’s salary, $86,000; (2) depreciation on manufacturing equipment, $30,000; and (3) manufacturing supplies used, $2,300 (Butler uses the periodic inventory method for manufacturing supplies). Applied overhead amounted to $116,000.

Required
a. Open the appropriate T-accounts and record the manufacturing overhead costs described.
b. Record the entry Butler would make to close the Manufacturing Overhead account to Cost of Goods Sold.