During March, Zea Inc. transferred $54,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $60,000. The journal entries to record these transactions would include a: Multiple Choice credit to Cost of Goods Sold of $60,000. debit to Finished Goods of $60,000. credit to Work in Process of $54,000. credit to Finished Goods of $54,000. During June, Buttrey Corporation incurred $78,000 of direct labor costs and $18,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a: Multiple Choice debit to Work in Process of $78,000. credit to Work in Process of $96,000. debit to Work in Process of $96,000. credit to Work in Process of $78,000. The following accounts are from last year's books at Sharp Manufacturing: 525, 200 Bal (a) 479,000 Raw Materials (b) 173,500 15,700 157,800 Bal (b (b) (c) (e) Work In Process (f) 133,900 171,800 219,500 Bal (f) (f Finished Goods o(s) 525, 200 46,200 219,500 (b) (C) (d) Manufacturing Overhead 23,900(e) 27,900 159,800 7,900 Cost of Goods Sold 479,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overhead overapplied or underapplied for the year? Multiple Choice $7.900 underapplied $7.900 overapplied $27,900 underapplied $27.900 overapplied