Rocky Road & Company produces custom aquariums. Each aquarium passes through four departments. These four departments apply overhead based on separate rates. These rates, along with the actual consumption of cost drivers within each department, are shown below. Department A: $100 per direct labor hour; 1,000 actual direct labor hours consumed Department B: $75 per machine hour; 1,500 actual machine hours consumed Department C: $0.75 per direct labor dollar; $100,000 of actual direct labor cost Department D: $125 per maintenance work order; 500 actual maintenance work orders The four departments also incurred the following actual overhead costs. Department A: $110,000 actual overhead Department B: $104,000 actual overhead Department C: $95,000 actual overhead Department D: $45,000 actual overhead The firm has a policy that if overhead (that is, the total overhead for the four departments) is overapplied or underapplied by more than $5,000, the firm closes the overhead control account ratably to the four departments' WIP accounts, to the finished goods account, and to the COGS account. The firm prorates this entry using the number of units represented by each account. Here are the units represented by each account this period. WIP-Department A: 30 units WIP-Department B: 10 units WIP-Department C: 20 units WIP-Department D: 40 units Finished Goods: 400 units COGS: 500 units If overhead is overapplied or underapplied by less than $5,000, the overhead control account is just closed out to COGS. What is the correct journal entry to close the overhead control account? Selected Answer: b. Debit: COGS $52,000 Debit: FG $41,600 Debit: WIP-Department D $4,160 Debit: WIP-Department C $2,080 Debit: WIP-Department B $1,040 Debit: Dr. WIP-Department A $3,120 Credit: Overhead Control $104,000 Answers: a. Debit: Overhead Control $4,000 Credit: COGS $4,000 b. Debit: COGS $52,000 Debit: FG $41,600 Debit: WIP-Department D $4,160 Debit: WIP-Department C $2,080 Debit: WIP-Department B $1,040 Debit: Dr. WIP-Department A $3,120 Credit: Overhead Control $104,000 c. Debit: COGS $4,000 Credit: Overhead Control $4,000 d. Debit: Overhead Control $104,000 Credit: COGS $52,000 Credit: FG $41,600 Credit: WIP-Department D $4,160 Credit: WIP-Department C $2,080 Credit: WIP-Department B $1,040 Credit: WIP-Department A $3,120