Review the information in the table below. What is the journal entry needed to record the overhead allocation for the period? Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished godds Cost of goods sold Credit sales $ 98,000 $171,000 1508 $ 443,000 $455,000 $920,000 Multiple Choice $256,500 Work In Process Factory Overhead $256,500 Factory Overhead Cash $256,500 $256,500 Review the information in the table below. What is the journal entry needed to record the overhead allocation for the period? Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 98,000 $171,000 1508 $443,000 $455,000 $920,000 Multiple Choice $256,500 Work in Process Factory Overhead $256,500 Factory Overhead $256,500 Cash $256,500