Madtack Company's beginning and ending inventories for the month of November Year1 are Direct materials Work-in-process Finished goods 567,000 145,000 85,000 S62,000 171,000 78,000 Production data for the month of November follows. Direct labor Actual factory overhead Direct materials purchased Transportation in Purchase retums and allowances 2.000 $200,000 132,000 163,000 4.000 Madtack uses one factory overhead control account and charges factory overhead to production at 70 percent of direct labor cost. The company does not formally recognize over/underapplied overhead until year-end Madtack Company's net charge to factory overhead control for the month of November is $8,000 debit, overapplied $8,000 debit, underapplied $8,000 credit, overapplied O $8,000 credit, underapplied