At the end of its current period, a company's overhead was underapplied by \(\$ 1,500\). This amount is not material. The company should

a. Credit the \(\$ 1,500\) to Finished Goods Inventory.

b. Credit the \(\$ 1,500\) to Cost of Goods Sold.

c. Debit the \(\$ 1,500\) to Cost of Goods Sold.

d. Do nothing as overhead is likely to be overapplied by a similar amount next period.

e. Report the \(\$ 1,500\) on the income statement as "Other Expense."