Antoine Machining estimated its manufacturing overhead to be $279,000 and its direct materials costs to be $450,000 in Year 1. Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $15,000 for Job AM002, $55,000 for Job AM005, and $70,000 for Job AM008. For Year 1, actual manufacturing overhead was $313,000 and total direct materials cost was $540,000. 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	$ 20,088
Finished goods inventory	63,612
Cost of goods sold	251,100

Required:

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