Department 1 of a two department production process shows: Units Beginning Work in Process 40,000 Ending Work in Process 70,000 Total units to be accounted for 200,000 How many units were transferred out to Department 2? 200,000 110,000 160,000 130,000 Olin Company assigns overhead based on machine hours. The Milling Department logs 2,400 machine hours and Cutting Department shows 4,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a credit to Work in Process for $12,000. debit to Manufacturing Overhead for $32,000. credit to Manufacturing Overhead for $32,000. credit to Work in Process-Cutting Department for $20,000