Aspen Company estimates its manufacturing overhead to be $627,500 and its direct labor costs to be $502,000 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 $260,320. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $260,320. Job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $130,160. Actual manufacturing overhead for year 2 was $800,700. 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 Record the allocation of over- or underapplied overhead Note: Enter debits befo Note: Enter debits before credits. Debit Transaction General Journal Credit pplied manufacturing overhead facturing overhead control