Mona Company has decided that direct labor hours is a good basis on which to apply overhead to production. The predetermined overhead rate for the most recent year is $10 for each direct labor hour. The following data were collected during the year:

• Actual number of direct labor hours worked = 25,000 hours
• Actual amount of manufacturing overhead = $230,000

Mona Company applied manufacturing overhead during the year. Which ONE of the following should be included in the summary journal entry necessary to record this application of manufacturing overhead?

• CREDIT to Work-in-Process Inventory for $250,000
• CREDIT to Manufacturing Overhead for $230,000
• CREDIT to Manufacturing Overhead for $250,000
• CREDIT to Work-in-Process Inventory for $230,000