sanker inc has provided the following data for the month of august 492254

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.

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sanker inc has provided the following data for the month of august 492254
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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

Total

$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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