ne Ex Reith inc. Has... Deloria Corpor Jurica Corpora Deloria Corpor Elsentrout Cor Eisentrout Cor Question 14 3.5 pts Reith Inc. has provided the following data for the month of November. 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 $1,850 3,510 1,560 Direct materials Direct labor Manufacturing overhead applied Total Finished Goods $10,440 22,620 7,800 Cost of Goods Sold $ 58,560 126,880 42,640 Total $ 70,850 153,010 52,000 $6,920 $40,860 $ 228,080 $ 275,860 Manufacturing overhead for the month was overapplied by $4,000. 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 November would include the following: credit to Finished Goods of $40,860 debit to Finished Goods of $40,860 credit to Finished Goods of $600 debit to Finished Goods of $600 27 ty