TB MC Qu. 15-134 (Algo) Clemens Company applies overhead... $110,800. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include (Round predetermined overhead rate to nearest whole percentage.) Multiple Choice A debit to Cost of Goods Sold for $976. A debit to Work in Process Inventory for $976. A credit to Cost of Goods Sold for \$976. A credit to Factory Overhead for $976. A credit to Finished Goods Inventory for $976