Linzee Liners estimates that its manufacturing overhead will be $$1,725,000$ in Year $1.$ It further estimates that direct labor costs will amount to $$750,000.$ During March, Linzee worked on four jobs with actual direct labor costs of $$35,000$ for Job $0301,$ $$22,500$ for Job $0302,$ $$32,000$ for Job $0303,$ and $$16,000$ for Job $0304.$ Actual manufacturing overhead costs for the year were $$1,710,000.$ Actual direct labor costs for the year were $$735,000.$ Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates.

The amount of overhead applied in each of the inventory accounts at the end of Year $1$ is as follows:

Work$-$in$-$process inventory $ $33,810$

Finished goods inventory $ $270,480$

Cost of goods sold $ $1,386,210$

Required:

Prepare an entry to allocate the over$-$ or underapplied overhead.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.