The following cost data relate to the manufacturing activities of Chang Company during the just completed year: points (8 02:38:57 $ 16,000 140,000 9,000 80,000 251,500 11,000 $ 507,500 Skipped Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 410,000 eBook $ 21,000 $ 31,000 $ 41,000 $ 71,000 con Hint The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 20,700 machine-hours were used during the year. Print 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required 1 Required 2 > 2. Prepared scrieuule OI COSL Ol yoous diuidclureu lor ure yedi. Complete this question by entering your answers in the tabs below. points Required 1 Required 2 8 02:38:36 Prepare a schedule of cost of goods manufactured for the year. Skipped Chang Company Schedule of Cost of Goods Manufactured Direct materials: eBook Total raw materials available Hint Raw materials used in production Print Total manufacturing costs Cost of goods manufactured (Required 1 Required 2 >