By year-end, Sheridan Corp. had recognized standard cost variances for all of its production costs, including DM, DL, variable-MOH, and fixed-MOH. The following variances existroer the trial balances; the balance of COGS at this time is $125,230. DM price variance $5,140 Credit Variable-MOH price variance $3,340 Debit DM efficiency variance 3,740 Debit Variable-MOH efficiency variance 220 Debit DL price variance 2,100 Debit Fixed-MOH price variance 2,070 Debit DL efficiency variance 2,220 Credit Fixed-MOH volume variance 1,035 Credit Record the journal entry to write off these variances directly to COGS. Make note of the adjusted COGS balance after this entry is posted. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit