The following cost data relate to the manufacturing activities of Black Company during the just-completed year: Manufacturing overhead costs: Property taxes, factory $ 3,400 Utilities, factory 5,600 Indirect labour 10,800 Depreciation, factory 25,000 Insurance, factory 6,800 Total actual manufacturing overhead costs $ 51,600 Other costs incurred: Purchases of raw materials. $ 34,000 Direct labour cost $ 42,800 Inventories: Raw materials, beginning $ 8,800 Raw materials, ending $ 7,400 Work in process, beginning $ 6,600 Work in process, ending $ 8,300 The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $5 per machine-hour; a total of 11,000 machine-hours were 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. 2. Prepare a schedule of cost of goods manufactured for the year.