The Robinson Corporation manufactures automobile parts. During the year, the company sold $5,700,000 of parts that had a cost of $3,400,000. At year end, these are the balances for cost of goods sold and its manufacturing overhead accounts:
|Cost of goods sold||$3,400,000|
|Manufacturing overhead allocated||$1,200,000|
|Manufacturing overhead control||$2,095,000|
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?