Bosshart Inc. has provided the following data for the month of May. 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 ProcessFinished GoodsCost of Goods SoldTotalDirect materials$10,670 $12,000 $81,120 $103,790 Direct labor 11,630 15,000 101,400 128,030 Manufacturing overhead applied 9,680 9,680 68,640 88,000 Total$31,980 $36,680 $251,160 $319,820 Manufacturing overhead for the month was underapplied by $6,000.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 May would include the following:
A. debit to Work in Process of $31,980
B. credit to Work in Process of $31,980
C. credit to Work in Process of $660
D. debit to Work in Process of $660
Answer: D
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