Chavez Corporation reported the following data for the month of July Inventories: Raw materials Work in process Finished goods Beginning Ending $ 31,000 $32,000 $ 18,000 $21,000 $ 34,000 $49,000 Additional information: $68,000 $93,000 $61,000 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $ 8,800 $60,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: Multiple Choice $222,200 $211,200 $208,200 $223,200 Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 58,000 actual direct labor hours and incurred $132,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 60,800 direct labor-hours during the year and incur $383,040 of manufacturing overhead cost The Corporation's manufacturing overhead cost for the year was (Round your intermediate calculations to 2 decimal places.) Multiple Choice overapplied by $66,600 O underapplied by $66,600 O overoppled by 548,960 underapplied by 548,960