The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 16,100 141,000 9,100 81,000 149,700 11,100 $ 408,000 Other costs incurred: Purchases of raw naterials (both direct and indirect) Direct labor cost ces $ 411,000 $ 71,000 Inventories: Raw naterials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 21,100 31,100 $ 41,100 $ 71,100 The company uses a predetermined overhead rate of $20 per machine-hour to machine-hours were used during the year. apply overhead cost to jobs. A total of 20,800 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