Estimated overhead and direct labor costs for the year were $250,000 and $125,000, respectively. During the year, actual overhead was $248,000 and actual direct labor cost was $123,000. The entry to close the over- or under-applied overhead at year-end, assuming an immaterial amount, would include: A debit to Cost of Goods Sold for $2,000. A debit to Factory Overhead for $2,000. A credit to Finished Goods Inventory for $2,000. A debit to Goods in Process Inventory for $2,000. A credit to Cost of Goods Sold for $2,000.