please complete part 1 and part 2

Exercise 3-7 (Algo) Applying Overhead; Cost of Goods Manufactured (LO3-3, LO3-4] The following cost data relate to the manufacturing activities of Chang Company during the just completed year. Manufacturing overhead costs incurred: Indirect materials $ 15,800 Indirect labor 138,000 Property taxes, factory 8,800 Utilities, factory 78,000 Depreciation, factory 150,600 Insurance, factory 10,800 Total actual manufacturing overhead costs incurred $ 402,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 408,000 Direct labor cost $ 68,000 Inventories: Raw materials, beginning $ 20,800 Raw materials, ending $ 39,800 Work in process, beginning $ 40, 800 Work in process, ending $ 70,800 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: 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