Gravson Inc. has provided the following dat for the month of October. The balance in Work in Progress at the beginning of the month was $12,000 and at the end of the month $15,000. $159,000 of direct materials and labor costs were added to Work in Process during the period. The actual manufacturing overhead cost incurred was $74,000 and the manufacturing overhead cost applied to Work-in-Process was $70,000. The balance in the Finished Goods Inventory account at the beginning of the month was $49,000 and at the end of the month was $45,000. Over or underapplied overhead is assigned to cost of goods sold. Required: Show your work for any credit. What is the Cost of Goods Manufactured for the month? What is the amount of over or underapplied overhead for the month? Is it over or under applied? What is the adjusted cost of goods sold that would appear on the income statement for October?