Chang Company provided the following data for this year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning CE $ 15,300 133,000 8,300 Saved https://www 73,000 152,100 10,300 $ 392,000 $ 403,000 $ 63,000 $ 20,300 $ 30,300 $ 40,300 $ 70,300 The company was a pitulemmed overedu fate of $20 per machine-hour to apply overhead cost to 20,000 machine-hours were used during the year. Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required Required Work in process, ending The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,000 machine-hours were used during the year. Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. 1 2 Prepare a schedule of cost of goods manufactured. Direct materials: Chang Company Schedule of Cost of Goods Manufactured Total raw materials available Raw materials used in production Direct materials used in production LA $ 0 Required Required 1 2 Compute the underapplied or overapplied overhead cost. overhead cost Required 1 Required 2 > Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured < Required 1 0