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Sanker Inc. has provided the following data for the month of August. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In Process
Finished Goods
Cost of Goods Sold
Total
Direct materials
$2,790
$7,680
$18,240
$28,710
Direct labor
9,700
19,200
45,600
74,500
Manufacturing overhead applied
5,440
8,000
18,560
32,000
$17,930
$34,880
$82,400
$135,210
Manufacturing overhead for the month was overapplied by $5,000. The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
The journal entry to record the allocation of any underapplied or overapplied overhead for August would include
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