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 naterials, ending Work in process, beginning Work in process, ending $ 15,800 138,600 8,800 78,000 150, 600 10,800 $ 482, eee $ 408,000 $ 68,000 $ 20,800 $ 30,800 $ 40,880 $ 70,800 nces The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,500 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured $ es Direct materials Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less Ending raw materials inventory Raw materials used in production Less: Indirect materials used in production Direct materials used in production Direct labor Manufacturing overhead applied to work in process 20,800 408,000 428,800 30,800 398,000 15,800 $ 382,200 68 000 410,000 Total manufacturing costs added to production Total manufacturing costs to account for Less Ending work in process inventory Cost of goods manufactured 860,200 860,200 70,800 830,200 $