Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $286,000 and machine hours to be 14,300. Actual manufacturing overhead and machine hours were $318,000 and 15,300, respectively.

Required: 1., & 2. Prepare the journal entries for overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Record the following:

A) Record the actual manufacturing overhead cost incurred.

B) Record the application of manufacturing overhead to production.

C) Record the transfer of manufacturing overhead account balance to cost of goods sold.