27. The following cost data relate to the manufacturing activities of Spartech Corporation last year:

	Manufacturing overhead costs:
	Property taxes...........................	$1,500
	Utilities, factory..........................	2,500
	Indirect labor..............................	5,000
	Depreciation, factory..................	12,000
	Insurance, factory.......................	3,000
	Total..........................................	$24,000
	Other costs incurred:
	Purchases of direct materials......	$16,000
	Direct labor cost........................	$20,000
	Inventories:
	Direct materials, January 1..........	$4,000
	Direct materials, December 31....	$3,500
	Work in process, January 1.........	$3,000
	Work in process, December 31...	$3,750

The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The rate last year was $5.00 per machine-hour; a total of 5,000 machine-hours were recorded for the year.

Required:

a. Compute the amount of underapplied or overapplied overhead cost for the year.

b. Show a schedule of Cost of Goods Manufactured for the year.