The following information applies to the O$$Donnell Company for March $$production$.$ There are only two jobs $($X and Y$)$ in production in March.

Purchased direct materials and indirect materials with the following summary of receiving reports:

Material A $ $24,000$

Material B $16,000$

Indirect materials $7,000$

Total $ $47,000$

Issued direct materials and indirect materials with this summary of requisitions:

Job X Job Y Total

Material A $ $9,600$ $ $19,200$ $ $28,800$

Material B $4,6009,60014,200$

Subtotal $ $14,200$ $ $28,800$ $ $43,000$

Indirect materials $43,000$

Total $ $86,000$

Factory labor incurred is summarized by these time tickets:

Job X $ $25,200$

Job Y $16,600$

Indirect labor $32,000$

Total $ $73,800$

Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows:

Utilities $ $4,600$

Depreciation $21,200$

Insurance $4,100$

Total $ $29,900$

Factory overhead costs were applied to jobs at the predetermined rate of $$54\mathrm{.}00$ per machine$-$hour. Job X incurred $1,100$ machine$-$hours; Job Y used $800$ machine$-$hours.

Job X was completed; Job Y was still in process at the end of March.

The company closed the overapplied or underapplied overhead to the Cost of Goods Sold account at the end of March.

Required:

Calculate the total manufacturing cost for Job X and Job Y for March.

Calculate the amount of overapplied or underapplied overhead and state whether the Cost of Goods Sold account will be increased or decreased by the adjustment.