Held Incorporated has provided the following data for the month of June. There were no beginning inventories: consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process $ 5,890 Finished Goods $14,070 20,100 Direct materials Direct labor Manufacturing overhead applied Total Cost of Goods Sold Total $ 95,760 $115,720 136, 800 166,580 68,040 84,000 9,680 5,880 10,080 $21,450 $44,250 $300,600 $366,300 Manufacturing overhead for the month was overapplied by $1,000. The company allocates any underapplied or overapplied manufacturing 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 manufacturing overhead for June would include the following: Multiple Choice credit to Work In Process of $70 O debit to Work In Process of $70 U credit to Work In Process of $21,450 O debit to Work In Process of $21,450