The following cost data relate to the manufacturing activities of Black Company during the just completed year: The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $5 per machine-hour; a total of 11,300 machine-hours was recorded for the year. All raw materials ultimately become direct materials-none are classified as indirect materials. Required: 1.Compute the amount of underapplied or overapplied overhead cost for the year. (Input the amount as a positive value.) 2. Prepare a schedule of cost of goods manufactured for the year. (Input all amounts as positive values.) Cost of goods manufactured