Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process Finished goods Beginning $ 10,300 $ 55,100 $ 34,500 Required 1 Required 2 Ending $19,100 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. $ 65,100 $ 42,500 Complete the question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Total manufacturing costs Add: Beginning work in process inventory X Answer is not complete. Direct materials: Manufacturing overhead applied to work in process Add: Purchases of raw materials Total raw materials available Add: Ending raw materials inventory Raw materials used in production Less: Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Less: Ending work in process inventory Cost of goods manufactured XS x $30,000 $ 4,820 $59,300 $89,000 $ 4,110 333 10,300 30,000 40,300 19,100 21,200 S $ 21,200 59,300 89,000 169,500 x 55,100 224,600 65,100 159,500 x Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold $ 34,500 159,500 194,000 42,500 151,500 4,110 $ 155,610