The following cost data relate to the manufacturing activities of Chang Company during the just completed year:

Manufacturing overhead costs incurred:Indirect materials$ 15,000Indirect labor130,000Property taxes, factory8,000Utilities, factory70,000Depreciation, factory240,000Insurance, factory10,000Total actual manufacturing overhead costs incurred$ 473,000Other costs incurred:Purchases of raw materials (both direct and indirect)$ 400,000Direct labor cost$ 60,000Inventories:Raw materials, beginning$ 20,000Raw materials, ending$ 30,000Work in process, beginning$ 40,000Work in process, ending$ 70,000

The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 19,400 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.

**need help on the red

Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured for the year