Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $185,220. Estimated direct labor cost was $442,260 for 18,900 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Total Cost $ 44,227 Indirect costs Indirect labor Indirect materials Factory rent Factory supervision 2,510 3,310 3,230 4,760 Factory depreciation 5,720 Factory janitorial work 1,180 Factory insurance 1,720 General and administrative salaries 4,250 Selling expenses 5,360 Required: 1., 2. & 3-a. Prepare the journal entries for overhead. 3-b. Does the last transaction increase or decrease Cost of Goods Sold? Complete this question by entering your answers in the tabs below. Req 1 to 3A Req 38 Does the last transaction increase or decrease Cost of Goods Sold? increase Decrease