Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company had budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, journal entry the firm should record is (using write-off approach): Debit Cost of Goods Sold and Credit MOH Sold by 5,330 Debit MOH and Credit Cost of Goods Sold by 3,330 Debit MOH and Credit Cost of Goods Sold by 5,330 Debit Cost of Goods Sold and Credit MOH Sold by 3,330