Check my The following cost data relate to the manufacturing activities of Crystal Corporation during the past year. Manufacturing overhead costs incurred: Indirect materials Indirect labour Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labour cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 34,eee 199, eee 19,500 1e2,eee 290,000 15, eee $ 650, 500 $ 500, eee 85, eee $ 40,000 30,000 60, eee 4e, eae The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $33 per machine. hour. A total of 20.000 machine-hours were recorded for the year. Required: 1. Compute the amount of under- or overapplied overhead cost for the year. Overapplied overhead cost 2. Prepare a schedule of cost of goods manufactured for the year. CRYSTAL CORPORATION Schedule of Cost of Goods Manufactured CRYSTAL CORPORATION Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning Deduct: Purchases of raw materials Raw materials available for use Deduct: Raw materials inventory, ending Add: Raw materials inventory, ending Deduct: Raw materials inventory, ending Total manufacturing costs Total work in process inventory Cost of goods manufactured