Denver Corporation the Records of Denver Corporation Revealed the Following

Denver Corporation The records of Denver Corporation revealed the following data for the current year.
Refer to Denver Corporation. Assume that Denver has underapplied overhead of $37,200 and that this amount is material. What journal entry is needed to close the overhead account? (Round decimals to nearest whole percent.)

A) Debit Work in Process $8,456; Finished Goods $13,294; Cost of Goods Sold $15,450 and credit Overhead $37,200
B) Debit Overhead $37,200 and credit Work in Process $8,456; Finished Goods $13,294; Cost of Goods Sold $15,450
C) Debit Work in Process $37,200 and credit Overhead $37,200
D) Debit Cost of Goods Sold $37,200 and credit Overhead $37,200