The Claud Butler Company manufactures bicycle parts. During the year, the company sold $5,100,000 of parts that had a cost of $3.600.000. At year end, these are the balances for cost of goods sold and its manufacturing overhead accounts: Cost of goods sold $3,600,000 Manufacturing overhead allocated $1,000,000 Manufacturing overhead control $1,495,000 The journal entry to close out the overhead accounts assuming that the write-off to cost of goods sold approach is used is: O Finished goods Manufacturing overhead allocated $495,000 $1,000,000 Manufacturing overhead control $1,495,000 O Cost of goods sold $495,000 Manufacturing overhead allocated $1,000,000 Manufacturing overhead control $1,495,000 Sales $5,100,000 Cost of goods sold $3,600,000 Gross profit $1,500,000 Manufacturing overhead control $1,495,000 Cost of goods sold Manufacturing overhead allocated $495,000 $1,000,000