The selected data that follow relate to the Underwood Furniture Company Direct material purchased on account Direct material used Direct labor Manufacturing overhead incurred Manufacturing overhead applied $162,000 70,000 171,000 105,000 92,000 During the year, products costing $312,000 were completed, and products costing $319.000 were sold on account for $450,000 Required: Prepare journal entries to record the preceding transactions and events. (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 6 7 8 Record the sales revenue