4 Check my work 15 points Skipped eBook P References Exercise 7-35 (Algo) Prorate Over- or Underapplied Overhead (LO 7-3) Linzee Liners estimates that its manufacturing overhead will be $1,731,900 in Year 1. It further estimates that direct labor costs will amount to $753,000. During March, Linzee worked on four jobs with actual direct labor costs of $35,300 for Job 0301, $22,800 for Job 0302, $32,300 for Job 0303, and $16,300 for Job 0304. Actual manufacturing overhead costs for the year were $1,717,500. Actual direct labor costs for the year were $738,000. Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates. The amount of overhead applied in each of the inventory accounts at the end of Year 1 is as follows. Work-in-process inventory Finished goods inventory Cost of goods sold Required: $ 33,948 $271,584 $ 1,391,868 Prepare an entry to allocate the over- or underapplied overhead. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4 15 points Skipped Journal entry worksheet < Record an entry to allocate the over- or underapplied overhead. eflook Print References Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal