Sawyer Company had the following information for the year:

Direct materials used	$	194,100
Direct labor incurred (7,600 hours)	$	248,900
Actual manufacturing overhead incurred	$	277,300

Sawyer Company used a predetermined overhead rate using estimated overhead of $365,500 and 8,500 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,500. How much overhead was applied during the year?

$326,800

$277,300

$365,500

$248,900