Beginning balances were as follows: Raw Materials, $10,000; Work-in-Process, $12,000; Finished Goods, $8,000. Transactions during the month were as follows: a) Paid cash for $60,000 of materials. b) Materials totaling $35,000 were used in production, of which $24,000 were direct. c) Labor costs of $90,000 were incurred, of which $18,000 were indirect. d) Factory utility costs of $4,500 were paid. e) Depreciation on factory equipment was $2,200 f) Paid $3,100 for property taxes on the factory.

g) Manufacturing overhead costs of $16,000 were allocated to production. h) Goods costing $105,000 were completed. i) Goods costing $85,000 were sold on account for $100,000.

Determine the ending balance in the Manufacturing Overhead account. Is it a debit or credit balance? Is it overallocated or underallocated?