Saved Help Help Chapter 3- Job-Order Costing: Cost Flows and External... 6 The following cost data relate to the manufacturing activities of Chang Company during the just completed year: 10 points $ 15,000 130,000 8.000 70.000 240,000 10.000 $ 473,000 Book Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, Factory Depreciation factory Insurance, factory Total actual manufacturing overhead conta 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 $ 400,000 $ 60,000 Hint $ 20,000 $ 30,000 $ 40,000 $ 70,000 Print References The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 19,400 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, 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. Chana Company 6 of 8 !!! Mc HII Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Beginning work in process inventory 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 0 0 0 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured