The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Bal (a) (b) 157,400 523,600 172,500 15,100 Bal (b) (c) (e) Work In Process (f) 133,700 171,400 218,500 a Manufacturing Overhead 23,700 (e) 27,700 159,400 477,000 (b) Bal (f) Finished Goods (g) 523,600 46,600 218,500 (c) (d) 7,700 Cost of Goods Sold 477,000 (8) 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 $27.700 underapplied $7,700 underapplied $27,700 overapplied $7,700 overapplied