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 Work-in-Process Finished Goods Cast of Goods Sold Total s 5,010 $ Direct materials 11.500 $ 111,320 $ 127,830 Direct labor 2,410 10.500 114 570 101,640 6,600 Manufacturing overhead applied 3,200 7,200 80,000 Total 10,640 20,200 2827560 $ 322.400 Manufacturing overhead for the month was underapplied by $10,000 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 location of any underapplied or over applied overhead for May would include a: (CSLO 2,5) credit to Finished Goods inventory of $900. debit to finished Goods inventory of $29.200 credit to Finished Goods Inventory of $29,200, debit to Finished Goods inventory of $900