emens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $$118,500$ and $$125,600,$ respectively. During

year, actual overhead was $$108,000$ and actual direct labor cost was $$115,800.$ The entry to close the over$-$ or underapplied overhead at year$-$end, assuming an

material amount, would include $($Round predetermined overhead rate to nearest whole percentage.$)$

Multiple Choice

A credit to Finished Goods Inventory for $$852.$

A credit to Cost of Goods Sold for $$852.$

A credit to Factory Overhead for $$852.$

A debit to Cost of Goods Sold for $$852.$

A debit to Work in Process Inventory for $$852.$