Gest Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $57,000 and at the end of the month was $49,400. The cost of goods manufactured for the month was $301,000. The actual manufacturing overhead cost incurred was $153,500 and the manufacturing overhead cost applied to Work in Process was $142,000. The adjusted cost of goods sold that would appear on the income statement for November is:

$320,100

$293,400

$297,100

$308,600

Malcolm Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs.

On september 1, the estimates for the month were:
Manufacturing overhead	$21,235
Direct labor-hours	13,700
During september, the actual results were:
Manufacturing overhead	$22,435
Direct labor-hours	12,500

The cost records for September will show: (Round your intermediate calculations to 2 decimal places.)

Under applied manufacturing overhead of $3,060

Overapplied manufacturing overhead of $3,060

Overapplied manufacturing overhead of $1,200

Under applied manufacturing overhead of $1,200

During September, Stutzman Corporation incurred $97,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $91,000.

The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:

	debit to Manufacturing Overhead of $97,000
	debit to Work in Process of $91,000
	credit to Manufacturing Overhead of $97,000
	credit to Work in Process of $91,000