The chief controller reported that $466,000 of indirect costs related to manufacturing occurred during the fiscal year. Throughout the year, $461,000 was allocated to jobs using the plantwide allocation method. First, did the company over- or under-allocate MOH? Second, the controller now needs to close out the manufacturing overhead account and adjust cost of Goods Sold accordingly. What is the journal entry to do so? Underallocated Manufacturing Overhead Cost of Goods Sold 5,000 Manufacturing Overhead 5,000 Overallocated Manufacturing Overhead Cost of Goods Sold 5,000 Manufacturing Overhead 5,000 Overallocated Manufacturing Overhead Manufacturing Overhead 5,000 Cost of Goods Sold 5,000 Underallocated Manufacturing Overhead Manufacturing Overhead 5,000 Cost of Goods Sold 5,000