25 points 4 Manufacturing overhead costs incurred Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory 16,200 143,000 9,200 43,005 149,900 Other costs incurred Total actual manufacturing overhead costs incurred 11,200 $437,500 Purchases of raw materials (both direct and indirect) 3412,300 Direct labor cos 12,000 Inventories: H Raw materials, beginning $21,200 Baw materials, ending Po Work in process, beginning 141,200 33,200 Mock in process, ending The company uses a predetermined overhead rate of $21 per machine-hour to apply overhead cost to jobs. A total of 20,900 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 Help Check my work + Complete this question by entering your answers in the tabs below. 25 points eBook Hint Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Piedmont Company Schedule of Cost of Goods Manufactured Direct materials: Print References Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured