Valor company is planning to implement an activity-based costing (ABC) system to apply overhead costs to products. Three activities were identified and rates were calculated for each activity.

Purchase requisitions:	$5 per requisition processed
Production setup:	$20 per setup
Quality control:	$30 per inspection

Assume 600 purchase requisitions were processed, 1,200 production setups were performed, and 300 products were inspected for the year. Which of the following journal entries would be made by Valor to record the application of overhead?

		Work in Process Inventory 36,000 Manufacturing Overhead 36,000
		Manufacturing Overhead 36,000 Work in Process Inventory 36,000
		Manufacturing Overhead 36,000 Finished Goods Inventory 36,000
		Finished Goods Inventory 36,000 Work in Process Inventory 36,000
		None of the answer choices is correct.