Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $115,500 and $124,600, respectively. During the year, actual overhead was $107.000 and actual direct labor cost was $116,000. 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 0 A credit to Factory Overhead for $880. A credit to Cost of Goods Sold for 5880. Acredit to finished Goods Inventory for $380. A debit to Cost of Goods Sold for $880, 0 Adebit to Work in Process inventory for $880 Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $456,000, and direct labor costs to be $2,280,000. Actual overhead costs for the year totaled $422,000, and actual direct labor costs totaled $1.940,000. At year- end, Factory Overhead is: Multiple Choice Overapplied by $68,000 O Overapplied by $211,000 Underapplied by $34.000 O Neither overopplied nor underapplied Overapplied by $34.000