Antoine Machining estimated its manufacturing overhead to be $302,560 and its direct materials costs to be $488,000 in Year 1. Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $20,700 for Job AM002, $75,900 for Job AM005, and $96,600 for Job AM008. For Year 1, actual manufacturing overhead was $316,800 and total direct materials cost was $730,000. 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 Finished goods inventory Cost of goods sold Required: $ 27,156 85,994 339,450 Prepare an entry to allocate the under- or overapplied overhead. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit