6. Tiger2 Company uses a job-order costing system and applies manufacturing overhead cost to products based on machine-hours. Before 2020 began, Tiger2 estimated $1,010,000 of total manufacturing overhead and an estimated activity level of 110,000 machine-hours. Due Covid-19, the company cut back production and experienced a buildup of inventory. The company's cost records revealed the following actual cost and operating data for 2020: Machine-hours Manufacturing overhead cost Net Operating Income Account balances at year-end: Raw materials Work in process 95,000 $900,000 $25,000 $25,000 $ 100,000 (of which overhead applied is $500,000 (of which overhead applied is $1,350,000 (of which overhead applied is Finished goods Cost of goods sold Required: a. Compute the underapplied or overapplied overhead. (2 points) $36,000) $ 200,000 ) $ 636,273 ) b. If the company closes all underapplied or overapplied overhead to Cost of Goods Sold, what will be the new COGS and net operating income? (2 points) c. If the company allocates underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold, what will be the new balance for Cost of Goods Sold and the new net operating income? (2 points)