Manufacturing Overhead account. The company closes out the Manufacturing Overhead account to Cost of Goods Sold. Which of the following statements is true?

Multiple Choice

Manufacturing overhead was underapplied by $$14,300$; Cost of Goods Sold after closing out the Manufacturing Overhead account is $$304,700.$

Manufacturing overhead was overapplied by $$14,300$; Cost of Goods Sold after closing out the Manufacturing Overhead account is $$304,700.$

Manufacturing overhead was overapplied by $$14,300$; Cost of Goods Sold after closing out the Manufacturing Overhead account is $$276,100.$

Manufacturing overhead was underapplied by $$14,300$; Cost of Goods Sold after closing out the Manufacturing Overhead account is $$276,100.$