Manufacturing overhead was estimated to be $200,000 for the year along with an estimated 20,000 direct labor hours. Actual manufacturing overhead was $215,000, and actual direct labor hours were 21,000. To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct? Multiple Choice O Cost of Goods Sold would be debited for $5,000. Cost of Goods Sold would be credited for $15,000. Cost of Goods Sold would be credited for $5,000. Cost of Goods Sold would be debited for $15,000.

Manufacturing overhead was estimated to be $200,000 for the year along with an estimated 20,000 direct labor hours. Actual manufacturing overhead was $215,000, and actual direct labor hours were 21,000 . To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct? Multiple Choice Cost of Goods Sold would be debited for $5,000 Cost of Goods Sold would be credited for $15,000. Cost of Goods Sold would be credited for $5,000. Cost of Goods Sold would be debited for $15,000