At December 31, balances in Manufacturing Overhead are Cullumber Company-debit $ 1,000, Ivanhoe Company-credit $ 760. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Cullumber Company Dec. 31 Ivanhoe Company Dec. 31