Aspen Company estimates its manufacturing overhead to be $512,000 and its direct labor costs to be $512,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $220,995. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $433.805. Job 2-3, which is still in work in process Inventory, had actual direct labor costs of $163,700. Actual manufacturing overhead for year 2 was $804700. Manufacturing overhead Is applied on the basis of direct labor costs. Required: Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A Record the allocation of over- or underapplied overhead Note: Enter debts before credits Transaction 1 Debit Credit General Journal Applied manufacturing overhead Work in process inventory Fished goods inventory Cost of goods sold Manufacturing overhead control 304 700