Recording manufacturing overhead costs DeCastro Manufacturing Company incurred the following actual manufacturing overhead costs:

(1) cash paid for plant supervisor’s salary, $58,000; (2) depreciation on manufacturing equipment, $27,000; and (3) manufacturing supplies used, $2,300 (DeCastro uses the periodic inventory method for manufacturing supplies). Applied overhead amounted to $88,000.

Required

a. Open the appropriate T-accounts and record the manufacturing overhead costs described.

b. Record the entry DeCastro would make to close the Manufacturing Overhead account to Cost of Goods Sold.