27. A manufacturing company applies factory overhead based on direct labor hours. At the beginning of e year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual factory overhead costs incurred were $377,200, and actual direct labor hours were 46,000. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a. $17,000 overapplied. b. $17,000 underapplied. c. $9,200 overapplied. d. $9,200 underapplied. 19. Which types of inventories does a manufacturing business report on its balance sheet? a. b. c. d. Finished goods inventory and work in process inventory Direct materials inventory and work in process inventory Direct materials inventory, work in process inventory, and finished goods inventory Direct materials inventory and finished goods inventory