The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 4,650 4,850 8,300 Beg Bal 21,850 Work in Process 3,750 5,850 8,150 7,950 Beg Bal Finished Goods 1,850 21,850 20,050 7,950 Manufacturing Overhead 2,450 3,150 2,850 Wages & Salaries Payabla 20,050 Beg Bal Cost of Goods Sold 20,050 2,150 11,300 Beg Bal The manufacturing overhead applied was: The manufacturing overhead applied was: Multiple Choice O $2,850 O $3,150 $7,950 O $14,000