Refer to the T$-$account below:

Prepaid Insurance

$\backslash$table$[[$Debit$,$Credit,$],[$Balance$,30,000,(8),9,000]]$

Entry $(8)$ could represent which of the following?

Overhead cost applied to Finished Goods.

Payment of insurance for the upcoming period.

Insurance cost incurred on the factory which is added to the Manufacturing Overhead account.

Overhead cost applied to Work in Process.