The following cost data relate to the manufacturing activities of Crystal Corporation during the past year Manufacturing overhead costs incurred: Indirect materiais Indirect labour Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual costs incurred Other costs incurred Purchases of raw materials (both direct and indirect) Direct labour cost Inventories Roteris, beginning waterials, ending Work in process, beginning Work in process, naine $ 40,000 20,000 28.000 160,000 280,000 16.000 $544,000 SEOA $ 451,000 90,200 536,000 52,000 $2,000 36.000 The company uses a predetermined overhead rate to apply overhead cost to production The rate for the year w $28 pe machine nour A total of 20.000 machine hours were recorded for the yes Required: 1. Compute the amount of underorove applied ovomead cost for the year ch 2. Prepare a schedule of cost of goods manufactured for the year CRYSTAL CORPORATION Schedule of Cost of Goods Manufactured Direct materials Raw materials available for use Raw materials used in production Total manufacturing costs Total work in process inventory Cost of goods manufactured