Exercise $3-7($Algo$)$ Applying Overhead; Cost of Goods Manufactured $[$LO$3-3,$ LO$3-4]$

Chang Company provided the following data for this year:

The company uses a predetermined overhead rate of $$26$ per machine$-$hour to apply overhead cost to jobs. A total of $20,400$

machine$-$hours were used during the year.

Required:

Compute the underapplied or overapplied overhead cost.

Prepare a schedule of cost of goods manufactured.