Remaining Time: 1 hour, 23 minutes, 47 seconds. Question Completion Status: 2 3 5 6 7 8 100 11 12 13 15 16 17 18 19 C. the 1st and 2nd processing departments. the 2nd processing department only. QUESTION 13 The records of Phoenix Corporation revealed the following data for the current year. Direct Material $ 84,200 WIP inventory $ 73,150 FG Inventory I $115,000 Cost of goods sold $133,650 Assume that Phoenix has over-applied overhead of $37,200 and that this amount is not material. The journal entry needed to adjust for the under-applied overhead amount would include: O a. Debit Cost of Goods Sold $37,200 b. Credit Work in Process $8,456; Finished Goods $13,294; Cost of Goods Sold $15,450 OC. Debit Work in Process $8,456; Finished Goods $13,294; Cost of Goods Sold $15,450 d. Credit Cost of Goods Sold $37,200 Oe. Debit Direct Materials $7,812, Work in Process $13,176; Finished Goods $10,416; Cost of Goods Sold $12,276 QUESTION 14 JJ Sandwiches uses the weighted average method in its process costing system. The Finishing Department is the second sequential production process. In this department all materials are added when the sandwiches ar 70% complete, but co