2. The recording of the application of factory overhead costs to jobs would include a credit to Factory Overhead Wages Payable Work in Process Cost of Goods Sold The recording of the jobs completed would include a debit to Factory Overhead Finished Goods Work in Process Cost of Goods Sold Recording jobs completed would include a credit to Factory Overhead Finished Goods Work in Process Cost of Goods Sold Recording jobs shipped and customers billed would include a debit to Accounts Payable Cash Finished Goods Cost of Goods Sold Recording jobs shipped and customers billed would include a credit to Accounts Payable Cash Finished Goods Cost of Goods Sold The finished goods account controlling account cost ledger materials ledger work in process ledger stock ledger the - The controlling account for the cost ledger is Finished Goods Materials Work in Process Cost of Goods Sold 41. A widely used activity base for developing factory overhead rates in highly automated settings is direct labor hours direct labor dollars direct materials machine hours