In December 2012, Cardozo Company established its predetermined overhead rate for jobs produced during year 2013 by using the following cost predictions: overhead costs, $320,000, and direct labor costs, $200,000. At year end 2013, the company's records show that actual overhead costs for the year are $809,300. Actual direct labor cost had been assigned to jobs as follows. Jobs completed and sold $370,000 Jobs in finished goods 74,000 :22 inventory Jobs in goods in process 56,000 d inventory Total actual direct labor cost $ 500,000 k 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold