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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 Other costs incurred Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,900 139,000 8.900 79,000 150,300 10,900 $404,000 OL nt $409,000 $ 69,000 onces $ 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 20,60 machine-hours were used during the year Required: 1. Compute the amount of underapplied or overapplied hverhead 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 Required 2 Compute the amount of underapplied or overopplied overhead cost for the year Overhead con Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production $ 0 Total manufacturing costs 0 Cost of goods manufactured 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 Other costs incurredi Purchases of raw materials (both direct and indirect) Direct labor cont Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,900 139,000 8,900 79,000 150,300 10,900 $404,000 $409,000 $69.000 $ 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