Saved Help Save 4 Exit Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $116,500 and $124 500 respectively. During the year, actual overhead was $106.900 and actual direct labor cost was $114,500. 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 $730 A debit to Cost of Goods Sold for $730 A credit to Finished Goods Inventory for $730 A credit to Factory Overhead for $730 A credit to Cost of Goods Sold for $730