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 $15,900 139,000 8,900 79,000 150, 300 10,900 404,000 Other costs incurred Purchases of raw materials (both direct and indirect) Direct labor cost $409,000 $69,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $20,900 $30,900 $ 40,900 $70,900 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 Required 1 Required 2