Click to watch the Tell Me More Learning Objective 5 video and then answer the questions below. 1. A company completed a job on March 31, 20X1. Its cost of goods sold was $1,500. It sold the job on account to a customer at cost plus 20%. Which of the following is the journal entry to recognize the cost of the job? a. Debit Overhead Control by $1,500 and Credit Cost of Goods Sold by $1,500 b. Debit Cost of Goods Sold by $1,500 and Credit Finished Goods by $1,500 c. Debit Cost of Goods Sold by $1,800 and Credit Sales Revenue by $1,800 d. Debit Accounts Receivable by $1,800 and Credit Cost of Goods Sold by $1,800 2. The Overhead Control of a company has an underapplied variance of $200. Which of the following is the journal entry to record the closing of the underapplied overhead? a. Debit Overhead Control by $200 and Credit Cost of Goods Sold by $200 b. Debit Cost of Goods Sold by $200 and Credit Overhead Control by $200 c. Debit Budget Control by $200 and Credit Overhead Control by $200 d. Debit Overhead Control by $200 and Credit Budget Control by $200