Cooper Industries has the following data for the current year. $220,000 137,800 Direct Labor Direct Material Actual Overhead Applied Overhead Raw Material Work in Process Finished Goods Cost of Goods Sold 320,000 395,000 51,394 101,926 111,192 250,182 What is the amount of under- or overapplied overhead? Prepare the necessary journal entry to dispose of under- or overapplied overhead.