Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories i Raw materials Work in process Beginning $ 8,700 Ending $ 10,700 $ 5,800 $ 20,400 $ 76,000 $ 25,200 $ 659,000 $82,000 $139,000 $107,000 $41,000 $225,000 $ 202,000 Finished goods The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the operating income for last year? O $ 65,000 O$ 71,800 O $30,800 O $53,800 company's net C