Antoine Machining estimated its manufacturing overhead to be $$281,480$ and its direct materials costs to be $$454,000$ in Year $1.$ Three of the jobs that Antoine Machining worked on in Year $1$ had actual direct materials costs of $$15,600$ for Job AM$002,$ $$57,200$ for Job AM$005,$ and $$72,800$ for Job AM$008.$ For Year $1,$ actual manufacturing overhead was $$313,400$ and total direct materials cost was $$560,000.$ Manufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates.

Overhead applied in each of the inventory accounts is as follows:

Work$-$in$-$process inventory $ $20,832$

Finished goods inventory $65,968$

Cost of goods sold $260,400$

Prepare an entry to allocate the under$-$ or overapplied overhead.

Required:

Prepare an entry to allocate the under$-$ or overapplied overhead.