At the end of the period, Carson Company had the following balances in selected accounts: Materials Finished goods Work in process Cost of goods sold Factory overhead $80,000 190,000 0,000 1,000,000 30,000 Required: (a) The factory overhead balance is relatively small; prepare the journal entry to cose the Factory Overhead account Factory Overhead What does a debit balance mean? This means factory overhead was overapplied ead balance is relatively small; prepare the journal entry to dlose the Factory Overhead account as (b) The factory overhead Factory Overhead Cost of Goods Sold relatively What does a credit balance mean