The following information was gathered for all the products made by the company: Budgeted factory overhead rate Actual direct labor hours $28 per DL hour 8.100 Actual factory overhead costs $224,970 Cost of Goods Sold $120,000 Ending Inventory of Finished products $40,000 Ending Inventory of WIP $23,000 Assume the cost driver for factory overhead costs is direct labor hours. Calculate the correct underapplied or overapplied overheads $118,800 $118,170 $121,200