the following information is available for Ranger Manufactoring Company at December 31.2013.

inventory balance

begining of the year end of year

finished goods 25,000 26,000

work in process 158,000 153,000

direct materials 16,000 14,500

during the year the following information was recorded:

1. purchased $56,500 of raw materials of which $7,000 were indirect materials.

2. wage expenses equalled $100,250 of which $75,000 was direct labour, and $16,000 was indirect labour. the reminder was sales and administration.

3. manufacturing overhead equalled $160,000 in addition to the overhead costs associated with raw materials and wages.

4. manufacturing overhead applied equalled $180,000.

a) prepare a cost of goods manufactured schaduled for 2013.

b) calculate the over-or under- applied manufacturing overhead for the year.