Carson 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. Direct materials Direct labor Manufacturing overhead applied Total Work-in- Process $ 5,310 2,730 3,236 $11,276 Finished Goods $ 11,800 10,800 7,281 $ 29,881 Cost of Goods Sold $111,620 101,940 70,383 $283,943 Total $128,730 115,470 80,900 $325, 100 Manufacturing overhead for the month was underapplied by $10,300. The company allocates any underapplied or overapplied overhead among work-in-process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The journal entry to record the allocation of any underapplied or overapplied overhead for May would include the following: credit to Finished Goods Inventory of $927. credit to Finished Goods Inventory of $30,100. debit to Finished Goods Inventory of $927. debit to Finished Goods Inventory of $30,100