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

Manufacturing overhead costs incurred:
Indirect materials	$	15,400
Indirect labor		134,000
Property taxes, factory		8,400
Utilities, factory		74,000
Depreciation, factory		191,200
Insurance, factory		10,400
Total actual manufacturing overhead costs incurred	$	433,400
Other costs incurred:
Purchases of raw materials (both direct and indirect)	$	404,000
Direct labor cost	$	64,000
Inventories:
Raw materials, beginning	$	20,400
Raw materials, ending	$	30,400
Work in process, beginning	$	40,400
Work in process, ending	$	70,400

The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $22 per machine-hour. A total of 20,100 machine-hours was recorded for 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.

please explain how you got the answer.