The following cost data relate to the manufacturing activities of Chang Company during the just completed year. $ 15,800 138,800 8,888 78,888 150,600 10.800 $ 402,800 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 $ 408, eae $ 68, eee $ 20,800 $ 39,800 $ 40,888 $ 70,880 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20.500 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Beginning raw materials inventory $ 20,800 Add: Purchases of raw materials Total raw materials available 428.800 Less: Ending raw materials inventory (308.800) Raw materials used in production 398,000 Less: Indirect materials used in production (15.800) Direct materials used in production Direct labor Manufacturing overhead applied to work in process Cost of goods manufactured Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured > $382,200 68,000 410,000 844.400 1,704,600 1,704,600 (70.800) $ 814,400 X