Homework: Chapter 4 Score: 0 of 2 pts E4-30 (book/static) 3 of 5 (2 complete) Save HW Score: 40%, 4 of 10 pts Question Help * Vnual Company produces gadgets for the coveted sma appliance market. The folowing data reflect activity for the year 2017: Click the icon to view the data) Visual Co. uses a nommal costing system and allocates overhead to work in process at a rate of $3.10 per direct manufacturing labor dolar Indirect materials are insignificant so there is no inventory account for indirect matanals Read the requirements Requirement 1. Prepare joumal entries to record the transactions for 2017 including an entry to close out over- or underatocated overhead to cost of goods sold. For each joumal entry indicate the source document that would be used to authorize each entry Also note which subsidiary ledger, if any. should be referenced as backup for the entry (Record debts first, then credits. Exclude explanations from any journal entries.) Record the purchase of direct matenals, $121,000 Journal Entry Accounts Debit Credit