Chang Company provided the following data for this year:

Manufacturing overhead costs incurred:

Indirect materials $ $15,100$

Indirect labor $131,000$

Property taxes, factory $8,100$

Utilities, factory $71,000$

Depreciation, factory $269,100$

Insurance, factory $10,100$

Total actual manufacturing overhead costs incurred $ $504,400$

Other costs incurred:

Purchases of raw materials $($both direct and indirect$)$ $ $401,000$

Direct labor cost $ $61,000$

Inventories:

Raw materials, beginning $ $20,100$

Raw materials, ending $ $30,100$

Work in process, beginning $ $40,100$

Work in process, ending $ $70,100$

The company uses a predetermined overhead rate of $$26$ per machine$-$hour to apply overhead cost to jobs. A total of $19,800$ machine$-$hours were used during the year.

Required:

Compute the underapplied or overapplied overhead cost.

Prepare a schedule of cost of goods manufactured.