The following cost data relate to the manufacturing activities of Chang Company during the just completed year 2 Indireet materials Indirect labor Property taxes, factory Utilities, factory Depreciation, faetory Insurance, factory Total actual manufacturing overhead costs ineurred s 15,900 139,000 5 8,900 79,000 150,300 10,900 $404 000 Other costs incurred: $409,000 $ 69,000 Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: s 20,900 30,900 s 40,900 s 70,900 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,600 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 Next> 2of 4 2 of 4 K Prev