The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process Debit Credit Debit Credit Balance (a) (b) 156,400 Balance 0 (f) 519,600 170,000 (b) 133,200 13,600 (c) 170,400 (e) 216,000 0 Finished Goods Manufacturing Overhead Debit Credit Debit Balance (f) (g) 519,600 47,600 472,000 (b) (c) 23,200 (e) 27,200 (d) 158,400 Cost of Goods Sold Debit Credit (8) 472,000 Credit 216,000 7,200 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? $7,200 underapplied $7,200 overapplied $27,200 underapplied $27,200 overapplied