Verizx 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 $180,320. Estimated direct labor cost was $460,600 for 19,600 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials: Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Required: 1., 2. & 3-a. Prepare the journal entries for overhead. Total Cost $ 46,061 2,560 3,470 3,260 4,760 5,690 1,150 1,780 4,160 5,400 3-b. Does the last transaction increase or decrease Cost of Goods Sold?