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

Manufacturing overhead costs incurred:
Indirect materials	$	15,300
Indirect labor		133,000
Property taxes, factory		8,300
Utilities, factory		73,000
Depreciation, factory		152,100
Insurance, factory		10,300
Total actual manufacturing overhead costs incurred	$	392,000
Other costs incurred:
Purchases of raw materials (both direct and indirect)	$	403,000
Direct labor cost	$	63,000
Inventories:
Raw materials, beginning	$	20,300
Raw materials, ending	$	30,300
Work in process, beginning	$	40,300
Work in process, ending	$	70,300

The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $20 per machine-hour. A total of 20,000 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.