ew Tools Help Cost Of Goods Manufactured / Cost of Goods Sold Schedules Alpha Inc. has provided the following data concerning the last month's manufacturing operations $45,000 Purchase of new materials Indirect materials included in Manufacturing Overhead Direct Labor Manufacturing overhead applied to work-in-process Under-applied overhead $7,500 $130,500 $60,000 $6,000 Inventories: Raw Materials Work in Process Finished Goods Beginning $18,000 $84,000 $52,000 Ending $27,000 $95,500 $63,000 Required: 1. (20 points) Prepare a Schedule of Cost of Goods Manufactured for the month. 2. (10 points) Prepare a Schedule of Cost of Goods Sold for the month. Assume the under-applied overhead is closed to Cost of Goods Sold