50 Real Company estimates its manufacturing overhead to be $500,000 and its direct labor costs to be $400,000 for year 2. Real worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $190,000. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $320,000. Job 2-3, which is still in work-in- process inventory, had actual direct labor costs of $120,000. Actual manufacturing overhead for year 2 was $780,000. Manufacturing overhead is applied on the basis of direct labor costs. Required a) How much overhead was applied to each job in year 2? b) What was the over- or under applied manufacturing overhead for year 2? c) Prepare an entry to allocate over- or under applied overhead to: Work in Process. Finished Goods. Cost of Goods Sold.