Sanny Industries allocates manufacturing overhead at a predetermined rate of 160% of direct labor cost. Any overallocated or under allocated overhead is closed to the cost of goods sold at the end of the month. Below is information on job 205 that was in process at the end of the month of October: Direct materials $4,000, Direct labor $3,000, Allocated manufacturing overhead $4,800. Jobs 206, 207, and 208 were started in November. Direct materials that were used in November were $26,000 and direct labor costs were $21,000. For the month of November, actual manufacturing overhead was $32,000. The only job still in process on the last day of November was job 104 with the following costs: $3,000 for direct materials and $1,500 for direct labor.

 What is the amount of overallocated or under-allocated manufacturing overhead that should be closed to the cost of goods sold on November 30?

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