Seuell Inc. has provided the following data for the month of December. 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 Finished Goods Cost of Goods Sold Total Direct materials $ 4,080 $ 18,630 $ 66,240 $ 88,950 Direct labor 5,380 24,300 86,400 116,080 Manufacturing overhead applied 3,780 13,230 45,990 63,000 Total $ 13,240 $ 56,160 $ 198,630 $ 268,030 Manufacturing overhead for the month was overapplied by $12,000. The Corporation 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 manufacturing overhead applied during the month in those accounts. The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for December would include the following: Multiple Choice debit to Finished Goods of $56,160 credit to Finished Goods of $56,160 debit to Finished Goods of $2,520 credit to Finished Goods of $2,520