Madtack Company's beginning and ending inventories for the month of November were as follows: November 1 November 30 direct materials $67,000 $62,000 work in process 145 ,000 171,000 finished goods 85,000 78,000 Production data for month follow: Direct labor cost incurred $200,000 Actual manufacturing overhead cost incurred $132,000 Direct materials purchases $165,000 Madtack applies manufacturing overhead cost to jobs at the rate of 70% of direct labor cost incurred. The company does not close underapplied or overapplied manufacturing overhead to Cost of Goods Sold until the end of the year. Madtack Company's manufacturing overhead for November was: Answer A. overapplied by $8,000 B. underapplied by $8,000 C. overapplied by $132,000 D. underapplied by $132,000