Use the following information for the next THREE questions: WRL Corporation uses a job-order cost system. The following information is available for August: August 1 Work in Process balance $20,000 August 31 Work in Process balance 25,000 Actual direct materials used in production 120,000 Actual direct labor cost incurred 200,000 Actual manufacturing overhead costs incurred 430,000 Manufacturing overhead applied to production 400,000 12. At the end of August, the Manufacturing Overhead account has a balance of: a. $30,000 overapplied. b. $30,000 underapplied. c. $35,000 overapplied. d. $35,000 underapplied 13. The cost of goods manufactured during August was: a. $740,000. b. $770,000 c. $715,000 d. $745,000 14. WRL applies overhead at a predetermined rate of 200% of direct labor cost. Job #27, the only job still in process at the end of August, has been charged with manufacturing overhead of $12,000. Job #27 used direct materials of a. $13,000 b. $7,000. c. $2,000. d. There is not enough information to answer this