c) If total estimated overhead costs are $100,000 and estimated machine hours are 200,000 hours, what is the predetermined overhead allocation rate? d) If the predetermined overhead allocation rate is $2.00 per machine hour and the actual machine usage for job 21 is 30 machine hours, what is the allocated manufacturing overhead cost for job 21? LO4. What happens when products are completed and sold? a) To transfer finished units to finished goods, the journal entry is to debit and credit b) Journalize for the sale on account of $1,000, the cost of goods sold was $700. Date Accounts and Explanation Debit Credit