Williams Enterprises for 2020 applies overhead based on direct labor cost ($). The company estimates that their manufacturing overhead for the year will be $240,000, and direct labor cost to be $300,000 Actual direct labor cost for Williams during 2020 was $316,000. REQUIRED: The journal entry to record manufacturing overhead would include a: . Credit to Work in Process Inventory for $252,800, b. Credit to Manufacturing Overhead Allocated for $252,800 c. Debit to Work in Process Inventory for $316,000 d. Credit to Manufacturing Overhead Allacated for $316,000