The following accounts are from last year's books at Sharo Manufacturing: 522,900 Bal 475,000 Bal (a) Raw Materials 00) 171,500 14,500 157,000 Bal (b) (c) (e) Work In Process 01 (6) 133,500 171,000 217,500 Finished Goods 01 (6) 522,000 47,000 217,500 (6) (c) (d) Manufacturing Overhead 23,500 (e) 27,500 159,800 7,500 Cost of Goods Sold 475,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overhead overapplied or underapplied for the year