The following cost data relate to the manufacturing activities of Chang Company during the just completed year. 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 $ 15,200 132,000 8,200 72,000 152,400 10,200 $390,000 $402,000 $ 62,000 $ 20,200 $ 30,200 $ 40,200 $ 70,200 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 19,900 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. 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 Direct materials: Beginning raw materials inventory S 20,200 Add: Ending raw materials inventory 402,000 Total raw materials available 422,200 Add: Indirect materials 30,200 Raw materials used in production 392,000 15,200 $ 376,800 62,000 398,000 Total manufacturing costs 836,800 40,200 877,000 70,200 Cost of goods manufactured $ 806,800 C Required 1 Here