The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 16,900 149,000 9,900 89,000 316,900 11,900 Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: $593,600 Purchases of raw materials (both direct and indirect) $419,000 $ 79,000 Direct labor cost Inventories: $ 21,900 $ 31,900 $ 41,900 $ 71,900 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending The company uses a predetermined overhead rate of $28 per machine-hour to apply overhead cost to jobs. A total of 21,600 machine-hours were used during the year. Required: . 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 Required 1 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required 1 Required 2 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 Required 1 Prepare a sched u le of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Required 2 Required 1