The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for January would include the following:

A) credit to Cost of Goods Sold of $760
B) debit to Cost of Goods Sold of $128,180
C) credit to Cost of Goods Sold of $128,180
D) debit to Cost of Goods Sold of $760

Underapplied Manufacturing Overhead

A situation where the allocated manufacturing overhead costs are less than the actual overhead costs.

Overapplied Manufacturing Overhead

Occurs when the amount of overhead applied to products or services exceeds the actual manufacturing overhead costs incurred.

Debit

An entry on the left side of an account, indicating an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.