Manufacturing overhead was estimated to be $320,850 for the year along with 20,700 direct labor hours. Actual manufacturing overhead was $282,700, and actual direct labor hours were 19,200. 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 $14,900.

Cost of Goods Sold would be credited for $14,900.

Cost of Goods Sold would be credited for $26,400.

Cost of Goods Sold would be debited for $26,400.