D&B uses a job order cost accounting system. During one month D&B purchased $153,000 of raw materials on credit; issued materials to production of $164,000 of which $24,000 were indirect. D&B incurred a factory payroll of $95,000, paid in cash, of which $25,000 is classified as indirect labor D&B uses a predetermined overhead application rate of 170% of direct labor cost. The journal entry to record the application of factory overhead to production is: Debit Goods in Process Inventory $119,000; credit Factory Overhead $119,000. Debit Goods in Process Inventory $95,000; credit Factory Payroll $95,000. O Debit Goods in Process Inventory $55,800; credit Factory Overhead $55,800. Debit Factory Overhead $119,000; credit Goods in Process Inventory $119,000. O Debit Goods in Process Inventory $161,500; credit Factory Overhead $161,500