Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicat The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 16,100 141,000 9,100 81,000 149,700 11,100 $408,000 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 Work in process, ending $411,000 $ 71,000 $ 21,100 $ 31,100 $ 41,100 $ 71,100 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,800 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. awaannyx * we. Ws Shows what is correct or incorrect for the work you have completed so far. It does not indig Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory $ 21,100 Add: Purchases of raw materials 411,000 Total raw materials available 432,100 Less: Ending raw materials inventory 31.100 Raw materials used in production 401,000 Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add: Beginning work in process inventory $ 401,000 71,000 416,000 888,000 41,100 929,100 71,100 $ 858,000 Less: Ending work in process inventory Cost of goods manufactured