The following cost data relate to the manufacturing activities of Chang Company during thejust completed year: Manufacturing overhead costs incurred: Indirect materials $ 16,200 Indirect labor 142,000 Property taxes, factory 9,200 Utilities, factory 82,000 Depreciation, factory 169,900 Insurance, factory 11,200 Total actual manufacturing overhead costs incurred $ 430:500 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 412,000 Direct labor cost $ 72,000 Inventories: Raw materials, beginning $ 21,200 Raw materials, ending $ 31,200 Work in process, beginning $ 41,200 Work in process, ending $ 71,200 The company uses a predetermined overhead rate of $21 per machinehour to apply overhead cost to jobs. A total of 20,900 machine-hours were used during the year. Requhed: 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. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year: Beginning raw materials inventory _-_ Raw materials used in production _-_ Direct materials used in production _m_ Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost