Portland Company Applies Manufacturing Overhead The Following Accounts Had the Unadjusted Balances

Portland Company applies manufacturing overhead.At the end of the year the following data were available: $\begin{array}{|l|l|}\hline \text { Actual manufacturing overhead } & \$ 115,000 \\\hline \text { Estimated manufacturing overhead } & \$ 110,000 \\\hline \text { Applied manufacturing overhead } & \$ 100,000 \\\hline\end{array}$ The following accounts had the unadjusted balances:
$\begin{array}{|l|l|}\hline \text { Raw materials inventory } & \$ 100,000 \\\hline \text { Work-in-process inventory } & \$ 100,000 \\\hline \text { Finished goods inventory } & \$ 100,000 \\\hline \text { Cost of goods sold } & \$ 300,000 \\\hline\end{array}$ What is the journal entry if the amount is considered material?

A) $\begin{array}{ll}\text { Work in Process } & \$ 1,000 \\\text { Finished Goods } & \$ 1,000 \\\text { Cost of Goods Sold } & \$ 3,000\\\text { Manufacturing Overhead }&&\$5,000\end{array}$
B) $$\begin{array} { c c c } \text { Manufacturing Overhead } & \$ 5,000 & \\\text { Work in Process } & & \$ 1,000 \\\text { Finished Goods } && \$ 1,000 \\\text { Cost of Goods Sold } && \$ 3,000\end{array}$$
C) $\begin{array}{l}\begin{array}{ll}\text { Work in Process } & \$ 3,000 \\\text { Finished Goods } & \$ 3,000 \\\text { Cost of Goods Sold } & \$ 9,000\end{array}\\\text { Manufacturing Overhead } &\$ 15,000\end{array}$
D) $\begin{array} { c c c } \text { Manufacturing Overhead } & \$ 15,000 & \\\text { Work in Process } & &\$ 3,000 \\\text { Finished Goods } && \$ 3,000 \\\text { Cost of Goods Sold } && \$ 9,000\end{array}$