Weldin Inc. has provided the following data for the month of October. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. 
Manufacturing overhead for the month was underapplied by $3,000.
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.
Required:
Provide the journal entry that would record the allocation of underapplied or overapplied among work in process, finished goods, and cost of goods sold.
Definitions:
Rule of Evidence
Legal principles that govern the admissibility, relevance, and quality of evidence in trial proceedings.
Malpractice Suits
Legal cases initiated against healthcare professionals or organizations for negligence or inadequate care resulting in harm.
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The part of law that deals with the rights and duties of individuals or organizations and the remedies available to them.
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A Latin phrase that means “to hold the place of, to substitute for.” In the health care context, a locum tenens is a physician who substitutes temporarily for another.
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