Calculate the overapplied or underapplied overhead for March. Prepare a journal entry to close this balance into Cost of Goods Sold

i. The insurance cost covering factory operations for the month of March was $3,100. The insurance policy had been prepaid. j. The costs of salaries and fringe benefits for sales and administrative personnel paid in cash during March amounted to $8,000. k. Depreciation on administrative office equipment and space amounted to $4,000. 1. Other selling and administrative expenses paid in cash during March amounted to $1,000. m. Job number T81 was completed on March 20. n. Half of the trombones in job number T81 were sold on account during March for $700 each. The March 1 balances in selected accounts are as follows: Cash Accounts Receivable Prepaid Insurance Raw-Material Inventory Manufacturing Supplies Inventory Work-in-Process Inventory Finished Goods Inventory Accumulated Depreciation: Buildings and Equipment Accounts Payable Wages Payable $ 10,000 21,000 5,000 149,000 500 91,000 220,000 102,000 13,000 8,000 i. The insurance cost covering factory operations for the month of March was $3,100. The insurance policy had been prepaid. j. The costs of salaries and fringe benefits for sales and administrative personnel paid in cash during March amounted to $8,000. k. Depreciation on administrative office equipment and space amounted to $4,000. 1. Other selling and administrative expenses paid in cash during March amounted to $1,000. m. Job number T81 was completed on March 20. n. Half of the trombones in job number T81 were sold on account during March for $700 each. The March 1 balances in selected accounts are as follows: Cash Accounts Receivable Prepaid Insurance Raw-Material Inventory Manufacturing Supplies Inventory Work-in-Process Inventory Finished Goods Inventory Accumulated Depreciation: Buildings and Equipment Accounts Payable Wages Payable $ 10,000 21,000 5,000 149,000 500 91,000 220,000 102,000 13,000 8,000