Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end: Credit Debit $1,000 Direct Materials Price Variance Direct Materials Quantity Variance Direct Labor Rate Variance Direct Labor Efficiency Variance $2,000 $500 $3,000 Unadjusted Cost of Goods Sold equals $200,000. Which of the following would be FALSE when the year-end closing entry is made? The Direct Materials Price Variance account will be credited. The Direct Labor Rate Variance account will be debited. The Cost of Goods Sold account will be debited. Adjusted Cost of Goods Sold will be $198,500