The cherokee company uses a predetermined overhead rate. the following accounts have these unadjusted balances: raw materials $20,000 work in process $40,000 finished goods $10,000 cost of goods sold $50,000 if overhead is underapplied by $12,000 and considered immaterial, the journal entry would be
a. manufacturing overhead$12,000 cost of goods sold$12,000
b. manufacturing overhead$12,000 raw materials$2,000 work in process$4,000 finished goods$1,000 cost of goods sold$5,000
c. raw materials$2,000 work in process$4,000 finished goods$1,000 cost of goods sold$5,000 manufacturing overhead$12,000
d. manufacturing overhead$12,000 work in process$4,800 finished goods$1,200 cost of goods sold$6,000
e. cost of goods sold$12,000 manufacturing overhead$12,000