Sawyer Company had the following information for the year:

Direct materials used	$	191,200
Direct labor incurred (7,700 hours)	$	245,800
Actual manufacturing overhead incurred	$	276,600

Sawyer Company used a predetermined overhead rate using estimated overhead of $384,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,600. How much overhead was applied during the year?

$369,600

$276,600

$245,800

$384,000