please complete all steps to the problem.

Creation Co. uses a normal-costing system and allocates overhead to work in process at a rate of

$2.60 per direct manufacturing labor dollar. Indirect materials are insignificant so there is no inventory account for indirect materials.

Requirements

1.	Prepare journal entries to record the transactions for 2014 including an entry to close out over- or underallocated overhead to cost of goods sold. For each journal 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.
2.	Post the journal entries to T-accounts for all of the inventories, Cost of Goods Sold, the Manufacturing Overhead Control Account, and the Manufacturing Overhead Allocated Account.

Data Table Costs incurred: Purchases of direct materials (net) on credit Direct manufacturing labor cost Indirect labor Depreciation, factory equipment Depreciation, office equipment Maintenance, factory equipment Miscellaneous factory overhead Rent, factory building Advertising expense Sales commissions S 123,000 83,000 54,600 35,000 7,600 22,000 9,800 74,000 91,000 36,000 Inventories January 1, 2014 December 31,2014 9,900 $ Direct materials S Work in process Finished goods 14,000 27,000 25,000 6,000 64,000