Account Titles and Explanation Debit Credit Current Attempt in Progress By year-end, Crane Corp. had recognized standard cost variances for all of its production costs, including DM, DL, variable-MOH, and fixed-MOH. The following variances exist per the trial balances; the balance of COGS at this time is $114,760. Record the journal entry to write off these variances directly to COGS. Make note of the adjusted COGS balance after this entry is posted. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) List of Accounts Assistance Used Accounts Payable Accounts Receivable Accumulated Depreciation Cash coGs DL Efficiency Variance DL Price Variance DM Efficiency Variance DM Inventory DM Price Variance FG Inventory Fixed-MOH Control Fixed-MOH Price Variance Fixed-MOH Volume Variance Prepaid Insurance Salaries and Wages Payable Sales Utilities Payable Variable-MOH Control Variable-MOH Efficiency Variance Variable-MOH Price Variance WIP Inventory