The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 3,000 4,800 9,900 24,000 6,000 $47,700 Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning $31,800 $40,300 $ 8.600 $ 6,300 $ 5,800 $ 8,000 Work in process, ending The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $5 per machine-hour; a total of 10,400 machine-hours was recorded for the year. All raw materials ultimately become direct materialsnone are classified as indirect materials. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. Overapplied overhead cost 2. Prepare a schedule of cost of goods manufactured for the year using the indirect method. (Enter all deductions as a negative.) Black Company Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use 0 Raw materials used in production $ 0 Total manufacturing cost 0 Cost of goods manufactured