Marian Manufacturing $(2$M$)$ applies manufacturing overhead to jobs based on direct labor costs. For Year $2,2$M estimates its

manufacturing overhead to be $$422,500$ and its direct labor costs to be $$812,500.2$ M worked on three jobs for the year. Job $2M-1,$

which was sold during Year $2,$ had actual direct labor costs of $$517,000.$ Job $2$ M$-2,$ which was completed but not sold at the end of the

year, had actual direct labor costs of $$347,800.$ Job $2$ M$-3,$ which is still in work$-$in$-$process inventory, had actual direct labor costs of

$$75,200.$ Actual manufacturing overhead for Year $2$ was $$522,000.$

Required:

Prepare an entry to allocate over$-$ or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold.

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