A Rieb Incorporated has provided the following data for the month of September. There were no beginning inventories; consequently,the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.Direct materials.Direct laborManufacturing overhead appliedTotalView transaction listJournal entry worksheetManufacturing overhead for the month was overapplied by $7,300.The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold atthe end of the month on the basis of the overhead applied during the month in those accounts.<Required:Provide the journal entry that would record the allocation of underapplied or overapplied among work in process, finished goods, andcost of goods sold.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.1Record the journal entry to allocate the underapplied or overapplied overheadamong work in process, finished goods, and cost of goods sold.Note: Enter debits before credits.Transaction1Work in processFinished goodsWork In Process Finished Goods$ 3,740$ 8,82024,15011,2009,9006,400$ 20,040$ 44,170General JournalCost of goods soldManufacturing overheadRecord entryClear entryDebitCreditCost of GoodsSoldView general journal$ 47,340130,08062,400$ 239,820>Total$ 59,900164,13080,000$ 304,030

Name: A Rieb Incorporated has provided the following data for the month of S
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: A Rieb Incorporated has provided the following data for the month of September. There were no beginning inventories; consequently,the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.Direct

A journal entry is a basic accounting record that is used to chronologically track financial…

Business

Accounting

Direct materials Direct labor Manufacturing overhead applied Total Manufacturing overhead for the month was overapplied by $7,300. $ 3,740 9,900 6,400 $ 20,040 $ 8,820 24,150 11,200 $ 44,170 $ 47,340 130,080 62,400 $ 239,820 $ 59,900 164,130 80,000 $ 304,030