! Required information PR 4-9 (Static) (LO 4.2, 4.3, 4.5) Olive You applies manufacturing overhead at a rate of... Olive You applies manufacturing overhead at a rate of $0.40 per kilowatt hour (kWh) of electricity. Olive You's production facility used 125,000 kWh of electricity during January. The following information is provided about Olive You's production in January: • Olive You overapplied overhead by $1,350 during the month. The company writes off over- or underapplied overhead to cost of goods sold only. ● ● $736,000 of inventory was completed during January. $700,000 of inventory was sold during January. PR 4-9 (Static) Question a. What is the journal entry to record the application... < a. What is the journal entry to record the application of manufacturing overhead for the month of January? Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 Record the journal entry to the application of manufacturing overhead for the month of January. >