The following accounts are from last year's books at Sharp Manufacturing: 2 156,600 Bal 520,400 Bal (a) Raw Materials (b) 170,500 13,900 Work In Process (f) 133,300 170,600 216,500 8 01:57:03 (c) (e) Finished Goods (8) 473,000 216,500 Bal (f) Manufacturing Overhead 23,300(e) 27,300 158, 600 (b) (c) (d) 520,400 47,400 7,300 Cost of Goods Sold 473,000 (g) 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? Multiple Choice $7,300 underapplied $7,300 overapplied $27,300 underapplied