3. Kafka Co. has provided the following data for the month. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Finished Cost of Process Goods Goods Sold Total Direct materials $1.970 S10.500 $ 65,100 $ 77,570 Direct labor 3.150 20.250 125.550 148,950 Manufacturing overhead applied 3.600 11.700 74.700 90.000 Total $8.720 $42.450 $265.350 S316,520 Manufacturing overhead for the month was underapplied by $12,000. 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. 3.a. Calculate the cost of goods sold for the month after allocation of any underapplied or overapplied overhead 3.b. Journalize the entry to record the allocation of any underapplied or overapplied overhead for the month (with the percentages)