he following cost data relate to the manufacturing activities of Chang Company during the just completed year:

Manufacturing overhead costs incurred:

Indirect materials $ $16,700$

Indirect labor $147,000$

Property taxes, factory $9,700$

Utilities, factory $87,000$

Depreciation, factory $273,900$

Insurance, factory $11,700$

Total actual manufacturing overhead costs incurred $ $546,000$

Other costs incurred:

Purchases of raw materials $($both direct and indirect$)$ $ $417,000$

Direct labor cost $ $77,000$

Inventories:

Raw materials, beginning $ $21,700$

Raw materials, ending $ $31,700$

Work in process, beginning $ $41,700$

Work in process, ending $ $71,700$

The company uses a predetermined overhead rate of $$26$ per machine$-$hour to apply overhead cost to jobs. A total of $21,400$ 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.