Blossom Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $$437,500$ for the year, and machine usage is estimated at $125,000$ hours.

For the year, $$459,000$ of overhead costs are incurred and $130,000$ hours are used.

$($c$)$

Assuming the under $-$ or overapplied overhead for the year is not allocated to inventory accounts, prepare the adjusting entry to assign the amount to cost of goods sold. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit