Current Attempt in Progress

Pina, a coffee$-$mug producer, generally conducts over half of its business in the last month of the calendar year due to holiday sales, By the end of December, its fiscal year$-$end, Pina had accumulated Cost of Goods Sold in the amount of $$256,000.$ Pina's business model is to maintain minimal WIP Inventory and FG Inventory, so these two accounts had balances of just $$21,000$ and $$26,000,$ respectively, on December $31.$ Pina does hold a fair amount of RM Inventory, however, so it will be able to quickly fulfill its orders. As a result, its December $31$ RM Inventory $($all direct materials$)$ is $$91,000.$

Pina utilizes a normal costing system, in its effort to have timely applied MOH information for each custom job, and its budgeted MOH rate is $$\frac{2\mathrm{.}25}{?}$ direct labor hour. Budgeted MOH at the beginning of the year was $$161,000$; actual MOH costs incurred by the end of the year were $$173,000.$ Actual direct labor hours used were $72,000.$

Record the journal entry to close out the MOH difference by prorating it to the appropriate inventory$/$cost accounts based on their ending balances. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round proportions to four decimal places, e$.$ g$.0\mathrm{.}5250$ and final answers to $2$ decimal places, eg$.5\mathrm{.}275\mathrm{.}25.)$

Account Titles and Explanation

Debit

Credit

MOHControl

WIP Inventory

Glnventory

Cost of Goods Sold