- Manat Manucturing overheod for the month was overapplied by $7,400. The company allocates any underapplied or overapplied ovemeod among work in process, finished goods, and cost of goods seld at the end of the month on the basis of the overhead opplled during the month in those accounts. Required: Provide the journal entry that would record the allocation of underapplied or overapplied among work in process, finished goods, and cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transactlon lifit