The following cost data relate to the manufacturing activities of Chang Company during the just completed year. $ 16,700 147.ee 9,700 87,000 273,988 11,700 $ $46,000 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 materiais (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 417,000 $ 77,000 $ 21,700 $ 31,700 $ 41,700 $ 71,700 The company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. A total of 21,400 machine- hours were used during the year Unity party Schedule of Cost of Goods Manufactured $ Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production 21,700 417,000 438,700 31,700 407,000 Direct materials used in production Direct labor Manufacturing overhead applied to work in process $ 407,000 77,000 556,400 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 1,040,400 1,040,400 71,700