A job order costing company had the following ending balances and cost of goods sold prior to any adjustments for under/over-applied overhead.

Raw Materials: $20,000

Work-in-process: $60,000

Finished Goods: $40,000

Cost of Goods Sold: $100,000

The company incurred total manufacturing overhead costs of $360,000. The amount of overhead that was debited to work-in-process was $300,000.

Which of the following shows the correct journal entry for the adjustment for under/over-applied overhead? The company uses the method that adjusts three different accounts.

		Debit. Raw Materials $10,000 Debit. Work-in-process $30,000 Debit. Finished Goods $20,000 Credit. Manuf. Overhead $60,000
		Debit. Manuf. Overhead $60,000 Credit. Raw Materials $10,000 Credit. Work-in-process $30,000 Credit. Finished Goods $20,000
		Debit. Manuf. Overhead $60,000 Credit. Work-in-process $18,000 Credit. Finished Goods $12,000 Credit. Cost of Goods Sold $30,000
		Debit. Work-in-process $18,000 Debit. Finished Goods $12,000 Debit. Cost of Goods Sold $30,000 Credit. Manuf. Overhead $60,000