D Question 12 20 pts A manufacturing company applied $400,000 of overhead to its jobs during the year. For independent scenarios below. prepare the journal entry to adjust over-or underapplied overhead. Assume the adjustment amounts are not material). Actual overhead costs incurred during the year equal 370,000 Credit the cost of Goods Sold for $30,000 and Debit the Factory Overhead for $30,000 O Debit the cost of Goods Sold for $30,000 and Credit the Factory Overhead for $30,000 Debit the Work in Process Inventory for $30,000 and Credit the Factory Overhead for $30,000 Credit the Work in Process Inventory for $30,000 and Debit the Factory Overhead for $30,000