Randall Company manufactures products to customer specifications Abouting system is used to accumulate production costs Factory overado Selected data Concerning the past year's operation of the company are presented below Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Fa concerning the past year's operation of the company are presented below. January 1 $ 80,000 69,000 118,000 December 31 $ 43,000 45,000 103,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs $ 327,000 929,000 263,000 The amount of underapplied or overapplied overhead is: =ts. Factory overhead cost was applied at 125% of direct labor cost. Selected data