29 Job no. C12 was completed in November at a cost of $40,000, subdivided as follows: direct material, $18,000; direct labor, $8,800; and manufacturing overhead, $13,200. The journal entry to record the completion of the job is: 8 04:24:25 Multiple Choice Print 0 40,000 Finished-Goods Inventory Work-in-Process Inventory 40,000 0 40,000 Work-in-Process Inventory Finished - Goods Inventory 40,000 0 40,000 Work-in-Process Inventory Wages Payable Raw-Material Inventory Manufacturing Overhead 8,800 18,000 13,200 0 40,000 Cost of Goods Sold Finished-Goods Inventory 40,000 40,000 Finished-Goods Inventory Cost of Goods Sold 40,000 Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $204,000, direct professional labor hours were estimated to be 17,000, and direct professional labor cost was projected to be $255,000. During the year, Armour incurred actual overhead costs of $200,400, actual direct professional labor hours of 16,500, and actual direct labor cost of $300,000. By year-end, the firm's overhead was: 8 04:23:45 Multiple Choice Print 0 $2,400 underapplied. 0 $2,400 overapplied. o $3,600 underapplied. 0 $3,600 overapplied. 0 $6,000 underapplied