Which of the following journal entries properly records overhead applied of $7,000 in the Formulating Department? Multiple Choice Credit Pinished Goods-Formulating Manufacturing overhead Debit 7,000 7,000 Credit Manufacturing Overhead Finished Goods-Formulating Debit 7,000 7.000 Credit Manufacturing overhead Work in Process-Formulating Debit 7,000 7.000 Debit 7,000 Work in Process-Formulating Manufacturing overhead CredN 7,000