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

Manufacturing overhead costs incurred:
Indirect materials	$ 15,900
Indirect labor	139,000
Property taxes, factory	8,900
Utilities, factory	79,000
Depreciation, factory	150,300
Insurance, factory	10,900
Total actual manufacturing overhead costs incurred	$ 404,000
Other costs incurred:
Purchases of raw materials (both direct and indirect)	$ 409,000
Direct labor cost	$ 69,000
Inventories:
Raw materials, beginning	$ 20,900
Raw materials, ending	$ 30,900
Work in process, beginning	$ 40,900
Work in process, ending	$ 70,900

The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead costs to jobs. A total of 20,600 machine hours were used during the year.

Required:

1. Compute the amount of the year's underapplied or overapplied overhead cost.

2. Prepare a schedule of cost of goods manufactured for the year.