Chang Company provided the following data for this year: Prepare a schedule of cost of goods manufactured.

Manufacturing overhead costs incurred:

Indirect materials $ $15,300$

Indirect labor $133,000$

Property taxes, factory $8,300$

Utilities, factory $73,000$

Depreciation, factory $152,100$

Insurance, factory $10,300$

Total actual manufacturing overhead costs incurred $ $392,000$

Other costs incurred:

Purchases of raw materials $($both direct and indirect$)$ $ $403,000$

Direct labor cost $ $63,000$

Inventories:

Raw materials, beginning $ $20,300$

Raw materials, ending $ $30,300$

Work in process, beginning $ $40,300$

Work in process, ending $ $70,300$

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:

Compute the underapplied or overapplied overhead cost.

Prepare a schedule of cost of goods manufactured.