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

A credit to Finished Goods Inventory for $880.

A credit to Cost of Goods Sold for $880.

A credit to Factory Overhead for $880.

A debit to Goods in Process Inventory for $880.

A debit to Cost of Goods Sold for $880.