1. 10.00 points to the manufacturing activities of Company during the com edy 1 Comuni d ad they Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year, overhead cost 2. Prepare a schedule of cost of goods manufactured for the year using the indirect method. (Enter all deductions as a negative.) Black Company Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning Deduct: Purchase of raw materials Raw materials available for use Deduct: Raw materials inventory, ending Raw materials used in production Direct labor Manufacturing overhead cost applied to work in process Total manufacturing cost Add: Work in process, beginning Deduct: Work in process, ending Cost of goods manufactured