Tuscon Corporation The records of Tuscon Corporation revealed the following data for the current year. Work in Process Finished Goods $73,150 115,000 Cost of Goods Sold 133,650 Direct Labor 111,600 Direct Material 84,200 Refer to Tuscon Corporation. Assume that Tuscon has underapplied overhead of $37,200 and that this amount is material. What journal entry is needed to close the overhead account? (Round decimals to nearest whole percent.) Select one: a. Debit Cost of Goods Sold $37,200 and credit Overhead $37,200 b. Debit Overhead $37,200 and credit Work in Process $8,456; Finished Goods $13,294; Cost of Goods Sold $15,450 c. Debit Work in Process $37,200 and credit Overhead $37,200 d. Debit Work in Process $8,456; Finished Goods $13,294; Cost of Goods Sold $15,450 and credit Overhead $37,200