At the end of the year, a company's applied overhead is distributed among its inventory accounts and cost of goods sold as follows: Work in Process Finished Goods Cost of Goods Sold Applied overhead $ 20,000 40,000 340,000 $400,000 If the company has $12,000 of underapplied overhead and it closes this amount proportionally to Work in Process, Finished Goods, and Cost of Goods Sold, then which of the following statements is true? Multiple Choice The entry to dispose of the underapplied overhead will include a credit to Finished Goods for $1,200. The entry to dispose of the underapplied overhead will include a debit to Manufacturing Overhead for $12,000. The entry to dispose of the underapplied overhead will include a debit to Cost of Goods Sold for $10,200. The entry to dispose of the underapplied overhead will include a credit to Work in Process for $600