ABC Company uses a job-order costing system. The following data are available for last year: Work in process beginning balance Work in process ending balance Cost of goods manufactured Direct materials Direct Labor $10,500 $19,000 $323,000 $115,000 $78,000 ABC Company applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year? O $203,500 O $138,500 O $130,000 O $121,500