Bold cells must be answered

Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materials Indirect saterials used in production Direct labor Manufacturing overhead applied to work in process Under applied overhead $31.000 $ 4,530 559, see $87,800 $4,000 Inventores aw materials Work in process Finished foods Bening Endin $ 10,900 18.700 $ 55,300 $ 66,300 $33.700 $ 42,400 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 overopplied overhead is closed to cost of Goods Sold Complete this question by entering your answers in the tabu below Hequired Required 2 Prepare a schedule of cost of goods sold for the month Assunt the underapplied or overophed overhead is closed to Couto Cisode sold of toid UMO Cong of cost of goods manufactured for the month Primare Corporation Schedule of Cost of Goods Manufactured Direct matenas Total raw materials avable Raw materials used in production Det materials used in production Total manufacturing consided to production Totalcturing cost to account for 0 Cost of good matured Required 25 U MC Congr NA www. C Required Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is done to sto Goods Sold Primare Corporation Schee of cost of Good (Required Osborn Manufacturing uses a predetermined overhead rate of $18.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $233.750 of total manufacturing overhead for an estimated activity level of 12.500 direct labor hours The company actually incurred $229,000 of manufacturing overhead and 12,000 direct labor-hours during the period Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period, 2. Assume that the company's underapplied or overapplied overhead is closed to cost of Goods Sold. Would the journal entry to dispose of the underapplied or overapplied overhead increase or decrease the company's gross margin? By how much? 1. Manufacturing overhead 2. The gross margin would by by