Based on the following information, determine the manufacturing overhead applied and show your computation. Terrapin Systems Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31, 2019 Beginning raw materials inventory $ 51,000 Purchases $ 47,000 Ending raw materials inventory $ 15,000 Direct labor costs $ 91,000 Beginning work-in-process inventory $ 18,000 Ending work-in-process inventory $ 17,000 Cost of goods manufactured $240,000 Beginning finished goods inventory $ 43,000 Cost of goods available for sale $283,000 Ending finished goods inventory $ 63,000 Cost of goods sold $220,000