Chang Company provided the following data for this year:

Manufacturing overhead costs incurred:

Indirect materials $ $16,900$

Indirect labor $149,000$

Property taxes, factory $9,900$

Utilities, factory $89,000$

Depreciation, factory $316,900$

Insurance, factory $11,900$

Total actual manufacturing overhead costs incurred $ $593,600$

Other costs incurred:

Purchases of raw materials $($both direct and indirect$)$ $ $419,000$

Direct labor cost $ $79,000$

Inventories:

Raw materials, beginning $ $21,900$

Raw materials, ending $ $31,900$

Work in process, beginning $ $41,900$

Work in process, ending $ $71,900$

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:

Compute the underapplied or overapplied overhead cost.

Prepare a schedule of cost of goods manufactured.