Carson Inc. has provided the following data for the month of May. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied isted below are all for the current month Cost of Direct materials Direct labor Work-in- Process $ 5,010 2,430 Finished Hanufacturing overhead applied Total 3,200 $10,640 Goods Goods Sold $11,500 $111,320 10,500 101,640 7,200 $29,200 Total $127,830 69,600 114,570 50,000 $282,560 $322,400 Manufacturing overhead for the month was underapplied by $10.000 The company allocates any underapplied or overapplied overhead among work-in-process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts The journal entry to record the allocation of any underapplied or overapplied overhead for May would include a Mutiple Choice debt to Finished Goods Inventory of $29,200 credit to Finished Goods inventory of $900 debt so Finished Goods Inventory of $900 Prey 18 of 25