Clemens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $120,500 and $125,800, respectively. During the year, actual overhead was $108,200 and actual direct labor cost was $113,600 The entry to close the over-or underapplied overhead at year-end, assuming an immaterial amount would include (Round predetermined overhead rate to nearest whole percentage.) Multiple Choice A debit to Work in Process inventory for $856 A Credit to Cost of Goods Sold for $856 A credit to Cost of Goods Sold for $856. A credit to Factory Overhead for $856. O A debit to Cost of Goods Sold for $856. A credit to Finished Goods Inventory for $856