Overhead Proration Problem

Heart's Content Candy Company 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 applied overhead remained in the various manufacturing accounts.


Applied MO in account at 12/31

Work in Process Inventory


Finished Goods Inventory


Cost of Goods Sold


Prepare the journal entry to close out the balance of the manufacturing overhead account and prorate the balance to the three manufacturing accounts.