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  3. need help please carson inc. has provided the

need help please Carson Inc. has provided the following data...

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Accounting

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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 $ 5,610 3,030 3, 272 $11,912 Finished Goods $12,100 11,100 7,362 $ 30,562 Cost of Goods Sold Total $111,920 $129,630 102,240 116,370 71,166 81,800 $285,326 I $327,800 Manufacturing overhead for the month was underapplied by $10,600. 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: Multiple Choice credit to Finished Goods Inventory of $954. debit to Finished Goods Inventory of $31,000. credit to Finished Goods Inventory of $31,000. debit to Finished Goods Inventory of $954

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