Robinson Corporation manufactures automobile parts. Account balances at the end of the year are: Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 What would be the correct journal entry to close out the overhead accounts assuming that the write-of to cost of goods sold approach is used? Debit Credit A) Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 B) Manufacturing overhead actual $1,495,000 Finished goods $95,000 Manufacturing overhead allocated $1,400,000 C) Manufacturing overhead actual $1,495,000 Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000