Assume the following are year-end balanced:

Work in Progress - $20,000

Finished Goods - 25,000

Cost of Goods Sold - 35,000

If manufacturing overhead is OVERapplied by $10,000, and it is considered a material amount, which of the following would be included in the entry closing the Manufacturing Overhead account?

A) Credit Finished Goods - $3,125

B) Credit Manufacturing Overhead $10,000

C)Debit Cost of Goods Sold $3,500

D) Debit Work in Progress $3,333