Reference no: EM132593782

Reith Inc. has provided the following data for the month of November. 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                       COGS                   Total

Direct materials                                      1850                                    10,440                           58,560            70,850

Direct labor                                          3,510                                      22,620                  126,880                  153,010

Manufacturing overhead applied                   1,560                                     7,800                    42,640                  52,000

Total                                                         6,920                                      40,860               228,080              275,860

Manufacturing overhead for the month was overapplied by $4,000.

The company allocates any underapplied or overapplied manufacturing 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.

Question 1: The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for November would include