The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,350 5,550 9,700 Beg Bal 22,550 Work in Process 4,450 6,550 8,850 8,650 Beg Bal Finished Goods 2,550 22,550 20,750 8,650 Manufacturing Overhead 3,150 3,850 3,550 Wages & Salaries Payable 20,750 Beg Bal Cost of Goods Sold 20,750 2,850 Beg Bal 12,700 The manufacturing overhead was: Multiple Choice $3,550 overapplied $3,550 underapplied a $1,900 overapplied $1,900 underapplied