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 $804,700. 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.)