During the month of august, Star Plastics applied overhead to jobs using an overhead rate of $3 per dollar of direct labor. Direct labor in August was $90,0000. Actual overhead in august was $230,000. Assume that actual overhead was composed of the following: indirect materials:$30,000 Indirect labor:$70,000 utilities: 20,000 Depriciation: $60,000 Repair expence : $50,000. Determine the balance in manufacturing over head, and prepare a journal entry to close the balance to cost of goods sold.