Manufacturing overhead costs incurred:

Indirect materials $ $15,300$

Indirect labor $133,000$

Property taxes, factory $8,300$

Depreciation, factory

$152,100$

Insurance, factory

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 $20$

machine$-$hours were used during the year.

Required:

Compute the underapplied or overapplied overhead cost.

Prepare a schedule of cost of goods manufactured.