Work in process inventory Raw materials inventory Finished goods inventory Additional data so $28,700 540,100 ate is based on direct labor cost. The budget for the year called for $255,000 of direct labor cost and $382,500 of labor charges were $5,700 (1,000 drect labor hours) and total direct material charges were $14,400. 4. The only job 5. Cost ot 6. January 31 balance in raw materials inventory was $35,800. 7, Finished ooods inventory balance on January 31 was $35.100 placed in production during January totaled $123,800. There were no indirect material requisitions during January O B. $28,100 overallocated O D. $18,450 underalilocated Work in process inventory Raw materials inventory Finished goods inventory $28,700 $40,100 Additional data 1. Actual 2. Total direct labor cost for January was $63,200 3. The p 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5,700 (1,000 drect lathor hours) and total direct material charges were $14,400 5. Cost of 6. January 31 balance in raw 7. Finished goods inventory balance on January 31 was $35,100 overhead rate is based on direct labor cost. The budget for the year called for $255,000 of direct labor cost and $382,500 of manufacturing overhead oosts placed in production oring January totaled $123,900. There were no indrect material requistions duning January Has manufacturing overhead been overallocated or underalocated and by what amount as of January 317 O c. $16,450 overallocated O D. $16,450 underallocated