A company's Factory Overhead account shows total debits of $120,000 and total credits of $105,000. To adjust for any overapplied or underapplied factory overhead, the journal entry would be: Debit Factory Overhead for $15,000 and credit Cost of Goods Sold for $15,000. Debit Factory Overhead for $105,000 and credit Cost of Goods Sold for $105,000. Debit Cost of Goods Sold for $120,000 and credit Factory Overhead for $120,000. None of the answers are correct. Debit Cost of Goods Sold for $15,000 and credit Factory Overhead for $15,000