At December 31, balances in Manufacturing Overhead are Shimeca Company-debit $1, 839, Garcia Company-credit $975. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Shimeca Company Dec. 31 Garcia Company Dec. 31 The gross earnings of the factory workers for Vargas Company during the month of January are $72, 400. The employer's payroll taxes for the factory payroll are $8, 200. The fringe benefits to be paid by the employer on this payroll are $6, 300. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributable to indirect labor. (a) Prepare the entry to record the factory labor costs for the month of January. (b) Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Click if you would like to show work for this question Open Show Work