Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record the application of factory overhead to production is:

	Debit Goods in Process Inventory $225,000; credit Factory Overhead $225,000.
	Debit Goods in Process Inventory $165,000; credit Factory Overhead $165,000.
	Debit Factory Payroll $150,000; credit Goods in Process Inventory $150,000.
	Debit Factory Overhead $165,000; credit Goods in Process Inventory $165,000.
	Debit Goods in Process Inventory $165,000; credit Factory Payroll $165,000.