Chang Company provided the following data for this year:

Manufacturing overhead costs incurred:

Indirect materials $ $16,200$

Indirect labor $142,000$

Property taxes, factory $9,200$

Utilities, factory $82,000$

Depreciation, factory $169,900$

Insurance, factory $11,200$

Total actual manufacturing overhead costs incurred $ $430,500$

Other costs incurred:

Purchases of raw materials $($both direct and indirect$)$ $ $412,000$

Direct labor cost $ $72,000$

Inventories:

Raw materials, beginning $ $21,200$

Raw materials, ending $ $31,200$

Work in process, beginning $ $41,200$

Work in process, ending $ $71,200$

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:

Compute the underapplied or overapplied overhead cost.

Prepare a schedule of cost of goods manufactured.