Primare Corporation has provided the following data concerning last month's manufacturing operations.

Required:
1. Prepare a schedule of cost of goods manufactured.
2. Prepare a schedule of cost of goods sold.

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Purchases of raw materials ... $30,000 Indirect materials included in manufacturing overhead Direct labor $5,000 $58,000 Manufacturing overhead applied to work in process $87,000 Underapplied overhead $4,000 Inventories: Raw materials... Work in process Finished goods... Beginning Ending $12,000 $18,000 $56,000 $65,000 $35,000 $42,000