QS 19-12 Entry for over- or underapplied overhead LO P4 A company's Factory Overhead account shows total debits of $618,000 and total credits of $736,000 at the end of the year Determine whether there is over- or underapplied overhead using the T-account below. Answer is not complete. Actual overhead Factory Overhead 618,000 Applied overhead 618,000 Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold Answer is not complete. No Transaction General Journal Debit Credit Factory overhead Cost of goods sold lo