Refer to the information in Exercise 7-36.

Data in Exercise 7-36. 

Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $421,200 and its direct labor costs to be $810,000. 2M worked on three jobs for the year. Job 2M-1, which was sold during year 2, had actual direct labor costs of $420,750. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $283,050. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $61,200. Actual manufacturing overhead for Year 2 was $430,000. 

Required

Prepare an entry to allocate over- or underapplied overhead to

a. Work in Process.

b. Finished Goods.

c. Cost of Goods Sold.