A: made anoverview diagramusing whichever flowchart or diagram tool you feel most comfortable with. Paste it

on the OVERVIEW DIAGRAM sheet.

B: Prepare journal entries to summarize the 2017 transactions. As your final entry, dispose of the year-end under- or overallocated manufacturing overhead as a write-off to the Cost of Goods Sold (COGS) account. Assume COGS given of $4,020 does not include the write off of overallocated manufacturing overhead. Use the template on the JOURNAL ENTRIES sheet.

C:Show postedT-accountsfor all inventories, Cost of Goods Sold, Manufacturing Overhead Control, and Manufacturing

Overhead Allocated. Use the template on the T-ACCOUNTS sheet.

D:How did the SRS Educational Press perform in 2017? Should the company continue to have in-house press production? Support your answer with relevant data. put answer on the PERFORMANCE sheet.

SRS COST DATA Direct materials and supplies purchased on credit: $800 Direct materials used: $710 Indirect materials issued to various production departments: $100 Direct manufacturing labor: $1,300 Indirect manufacturing labor incurred by various production departments: $900 Depreciation on building and manufacturing equipment: $400 Miscellaneous manufacturing overhead incurred by various production departments: $550o (Ordinarily, this would be detailed as repairs, photocopying, utilities, etc.) Manufacturing overhead allocated at 160% of direct manufacturing labor costs: ? Cost of goods manufactured: $4,120 Revenues: $8,000 Cost of goods sold (before adjustment for under- or overallocated manufacturing overhead): $4,020 Inventories, December 31, 2016 (not 2017):o Materials control: $100o Work-in-process control: $60o Finished goods control: $500