Jaquish Inc. has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

	Work In Process			Finished Goods			Cost of Goods Sold			Total
Direct materials	$	2,440		$	7,800		$	37,900		$	48,140
Direct labor		3,190			12,480			60,640			76,310
Manufacturing overhead applied		3,200			6,400			30,400			40,000
Total	$	8,830		$	26,680		$	128,940		$	164,450

Manufacturing overhead for the month was underapplied by $6,000.

The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.

The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for January would include the following:

• credit to Work in Process of $480

• debit to Work in Process of $480

• credit to Work in Process of $8,830

• debit to Work in Process of $8,830