Manufacturing overhead was estimated to be $374,400 for the year along with 20,800 direct labor hours. Actual manufacturing overhead was $402,000, and actual labor hours were 23,000. Which of the following would be correct?

a. Overhead is underapplied by $12,000

b. Overhead is overapplied by $27,600

c. Overhead is overapplied by $12,000

d. Overhead is underapplied by $27,600

Manufacturing overhead was estimated to be $372,600 for the year along with 20,700 direct labor hours. Actual manufacturing overhead was $405,000, and actual labor hours were 23,800. To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct?

a. Cost of Goods Sold would be debited for $23,400

b. Cost of Goods Sold would be credited for $23,400

c. Cost of Goods Sold would be debited for $32,400

d. Cost of Goods Sold would be credited for $32,400

Santos Inc had the following information for the preceding year:

	Beginning Inventory (1/1)	Ending Inventory (12/31)
Raw Materials Inventory	$45,600	$32,500
Work in Process Inventory	$37,900	$??
Finished Goods Inventory	$33,200	$??

Additional information for the year is as follows:

Direct materials used	$209,300
Direct labor	$158,500
Manufacturing overhead applied	$162,200
Cost of goods manufactured	$525,200
Cost of goods sold	$544,000

What was the ending Work in Process Inventory balance on 12/31?

a. $42,700

b. $8,000

c. $45,900

d. $56,700