The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: Work in process inventory Raw materials inventory Finished goods inventory $0 $28,500 $40,700 Additional data 1. Actual manufacturing overhead for January amounted to $62,300 2. Total direct labor cost for January was $63,200 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $240,000 of direct labor cost and $336,000 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5,500 (800 direct labor hours) and total direct material charges were $14,800 5. Cost of direct materials placed in production during January totaled $123,900. There were no indirect material requisitions during January. 6. January 31 balance in raw materials inventory was $35,100 7. Finished goods inventory balance on January 31 was $35,200. O A. $3,620 overallocated OB. $26,180 underallocated O C. $26,180 overallocated D. $3,620 underallocated