Davis Manufacturing Corporation applies manufacturing overhead rate on the basis of 150% of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturing overhead incurred was $315,000 and that at year-end Work in Process Inventory. Finished Goods Inventory, and Cost of Goods Sold included $40,000. $20,000, and $140,000, respectively, of direct labor incurred during the current year. Determine the underapplied manufacturing overhead at year-end (assume it is significant). Prepare a journal entry to record the disposition of the underapplied manufacturing overhead. Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions: Purchased material on account. Recorded wages payable earned but not paid. Requisitioned both direct material and indirect material. Assigned direct and indirect labor costs. Recorded factory depreciation and accrued factory property tax. Applied manufacturing overhead to production. Completed work on products. Sold finished goods on account. For each of the manufacturing transactions or activities indicated in Exercise E3-5A, briefly identity the detailed forms, records, or documents (if any) that would probably underlie each journal entry. The following summary data are from the job order cost sheets of Hampton