The balances in White Company's Work in Process inventory account were $15,000 on August 1 and $18,000 on August 31. The company incurred $30,000 in direct labour cost during August and requisitioned $25,000 in raw materials (all direct material). The sum of the debits to the Manufacturing Overhead account totalled $28,000 for the month while the sum of the credits totalled $30,000. Which of the following statements is correct?

• Finished Goods was debited for $82,000 during the month.
• Finished Goods was debited for $52,000 during the month.
• Manufacturing Overhead was underapplied by $2,000 at the end of the month
• Finished Goods was credited for $82,000 during the month