Sweet Tooth Confectionary incurred $157,000 of manufacturing overhead costs during the year just ended. However, only $141,000 of overhead was applied to production. At the conclusion of the year, the following amounts of the year’s pled overhead remained in the various manufacturing accounts.

Applied Overhead

Remaining In Account

on December 31

Work-in-Process Inventory .................$35,250

Finished-Goods inventory ................... 49,350

Cost of Goods Sold ............................... 56,400

Required: Prepare a journal entry to close out the balance in the Manufacturing Overhead account and prorate the balance to the three manufacturing accounts.