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

Manufacturing overhead costs:
Property taxes, factory	$	3,200
Utilities, factory		5,300
Indirect labour		10,400
Depreciation, factory		24,500
Insurance, factory		6,400
Total actual manufacturing overhead costs	$	49,800
Other costs incurred:
Purchases of raw materials.	$	33,000
Direct labour cost	$	41,400
Inventories:
Raw materials, beginning	$	8,400
Raw materials, ending	$	7,200
Work in process, beginning	$	6,300
Work in process, ending	$	7,900

The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $5 per machine-hour; a total of 10,500 machine-hours were recorded for the year. All raw materials ultimately become direct materialsnone are classified as indirect materials.

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.

BLACK COMPANY Schedule of Cost of Goods Manufactured
Direct materials:
	0
Raw materials used in production		$0
Direct labour
Total manufacturing cost		0
		$0
Cost of goods manufactured		$0