Alex Corp accumulates overhead variances throughout the year. At the end of the year all variances are closed out to Cost of Goods sold. On December 31, the variance accounts had the following balances:

Overhead volume variance $2000 unfavorable

Overhead spending variance $5000 unfavorable

Overhead efficiency variance $6000 favorable

Give the journal entry to close the variance accounts:

Date	Account	Debit	Credit