Mark Corporation estimates its manufacturing overhead to be $126,000 and its direct labor costs to be $360,000 for year 1. The actual direct labor costs were $66,000 for Job 301, $91,000 for Job 302, and $180,000 for Job 303 during year 1; the actual manufacturing overhead was $105,000. Overhead applied in each of the inventory accounts is as follows:

Work-in-process inventory	$ 11,795
Finished goods inventory	35,385
Cost of goods sold	70,770

Required:

Prepare an entry to allocate the under- or overapplied overhead