Please hep me solve this thank you!Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out a
ny overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:Beginning inventories: Finished goods $ 30,000 Estimated total manufacturing overhead at the beginning of the year $ 568,000 Estimated direct labor-hours at the beginning of the year 32,000 direct labor-hoursResults of operations:Raw materials (all direct) requisitioned for use in production $ 501,000 Direct labor cost $ 683,000 Actual direct labor-hours 33,000 direct labor-hoursManufacturing overhead: Indirect labor cost $ 176,000 Other manufacturing overhead costs incurred $ 420,000 Selling and administrative: Selling and administrative salaries $ 219,000 Other selling and administrative expenses $ 346,000 Cost of goods manufactured $ 1,567,000 Sales revenue $ 2,498,000 Cost of goods sold (unadjusted) $ 1,376,000 The net operating income is:Garrison 16e Rechecks 2017-08-28Multiple Choice$892,750$765,750$546,750$1,111,750