The following information was obtained from the accounting records of Shane company:

Direct materials inventory, beginning $33,750

Direct materials inventory, ending 28,125

Work in process inventory, begining 0

Work in process inventory, ending 18,750

Finished goods inventory, begining 16,875

Finished goods inventory, ending 18,750

Direct materials purchased 187,500

Direct labor 122,500

indirect labor 40,000

Depreciation, factory 33,750

Depreciation, factory machinery 17,500

Utilities, factory and machinery 20,000

Insurance, factory and machinery 12,500

Selling and adminisstrative expenses 70,000

property taxes, factory 25,000

Manufactoring overhead, applied 147,000

Question A) Determine the over or underapplied overhead for the period

B) Prepare a cost of goods manufactored report