ers 13-16 (40 points) v Help Save & Exit Submit Using the following accounts and a predetermined overhead rate of 90% of direct labor cost, determine the amount of applied overhead. Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP Beginning FG Work in Process Inventory 23,100 69,300 7 P 47,430 Finished Goods Inventory 6,400 Ending FG Multiple Choice 571300 195,070 Help Save & Exit Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $114,500 and $124,700, respectively. During the year, actual overhead was $107,100 and actual direct labor cost was $117,000. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include (Round predetermined overhead rate to nearest whole percentage.) Multiple Choice A debit to Work in Process Inventory for $540 A credit to Factory Overhead for $540 A credit to Finished Goods Inventory for $540 Submit