2 The following cost data relate to the manufacturing activities of Chang Company during the just completed year 10 points Manufacturing overhead coats incurred Todirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance. factory Total actual manufacturing overhead coats incurred Other costs incurred Purchases of raw materials (both direct and Indirect) Direct labor cost Inventories Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 16.900 149,000 9,900 89,000 316.900 21.900 5592.600 eBook 5419,000 $ 79.000 Hint $ 21,900 $ 31,900 $41,900 Defences The company uses a predetermined overhead rate of $28 per machine-hour to apply overhead cost to jobs. A total of 21,600 machine hours were used during the year, Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost ME 2 Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. eBook Chang Company Schedule of Cost of Goods Manufactured Hint Direct materials: Print Total raw materials available References Raw materials used in production Direct materials used in production S 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 0 Cost of goods manufactured