The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15, 400 Indirect labor 134, 000 Property taxes, factory 8, 400 Utilities, factory 74,000 Depreciation, factory 191, 200 Insurance, factory 10, 400 Total actual manufacturing overhead costs incurred $ 433, 400 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 404, 000 Direct labor cost $ 64, 000 Inventories : Raw materials, beginning $ 20, 400 Raw materials, ending $ 30, 400 Work in process, beginning $ 40, 400 Work in process, ending $ 70, 400 The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 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