The following accounts are from last year's books at Sharp Manufacturing: 157,200 522,800 Bal (a) Raw Materials (b) 172,000 14,800 Bal (b) (c) (e) Work In Process 0 (f) 133,600 171,200 218,000 0 476,000 218,000 Bal (f) Finished Goods 0(g) 522,800 46,800 (b) (c) (d) Manufacturing Overhead 23,600 (e) 27,600 159, 200 7,600 Cost of Goods Sold (g) 476,000 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 $7,600 overapplied $27,600 overapplied $7,600 underapplied $27,600 underapplied