The following accounts are from last years books at Sharp Manufacturing: Raw Materials Bal 0 (b) 157,000 (a) 171,500 14,500 Work In Process Bal 0 (f) 522,000 (b) 133,500 (c) 171,000 (e) 217,500 0 Finished Goods Bal 0 (g) 475,000 (f) 522,000 47,000 Manufacturing Overhead (b) 23,500 (e) 217,500 (c) 27,500 (d) 159,000 7,500 Cost of Goods Sold (g) 475,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overapplied or underapplied for the year?

Multiple Choice $7,500 underapplied $7,500 overapplied $27,500 underapplied $27,500 overapplied