The records of Phoenix Corporation revealed the following data for the current year. Direct Material $84,200 WIP Inventory $73,150 FG Inventory $115,000 Cost of goods sold $133,650 Assume that Phoenix has over-applied overhead of $37.200 and that this amount is not material. The jumal entry needed to adjust for the under-applied overhead amount would include: Debit Cost of Goods Sold $37,200 b. Credit Work In Process $8,456; Finished Goods $13.294; Cost of Goods Sold $15,450 0. Debit Direct Materials $7,012; Work in Process $13,176; Finished Goods $10,416; Cost of Goods Sold $12,276 d Debit Work in Process 88,456; Finished Goods $13,294; Cost of Goods Sold 15,450 Credit Cost of Goods Sold $37,200