Yarra Fabrication estimates that is manufacturing overhead will be $$2,240,000$ in year $1.$ It further estimates that direct material costs will amount to $$1,400,000.$ Actual manufacturing overhead costs for the year is $$2,400,000.$ Actual direct material costs were $$1,550,000.$ Manufacturing overhead is applied to jobs based on direct materials costs using predetermined rates. The total applied overhead was $$2,480,000.$ The balance of each of the inventory accounts is as follows:

Work in Process inventory $$451,000$

Finished Goods Inventory $$1,066,000$

Cost of Goods Sold $$6,683,000$

Prepare an entry to allocate the over $-$under applied overhead