XYZ Corporation had the following transactions during its first month of operations:

1. Purchased raw materials on account, $85,000.

2. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials.

3. Factory labor costs incurred were $100,000 of which time tickets indicated that $84,000 was direct labor and $16,000 was indirect labor.

5. Other overhead costs incurred on account were $112,000.

6. Manufacturing overhead was applied at the rate of 150% of direct labor cost.

7. Goods costing $115,000 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods.

8. Finished goods costing $100,000 to manufacture were sold on account for $130,000

Required: Note, 1) what was the overapplied or underapplied overhead for the year. 2) Calculate the costs on the job cost sheets for finished ending inventory.