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 $ 15,700 137,000 8,700 77,000 270,900 10,700 $ 520,000 $ 407,000 $ 67,000 $ 20,700 Raw materials, ending Work in process, beginning $ 30,700 $ 40,700 Work in process, ending $ 70,700 The company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. A total of 20,400 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 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost F1 F2 2 3 # > Required 1 80 F3 a F4 Required 2 > < Prev 3 of 3 Next > F5 F6 F8 DD F9 8 DII F7 $ % 4 5 O > & 6 7 W E R T Y S D LL 8 * 00 n F10 9 0 G H J K