Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process Finished goods Required: Beginning Ending $ 10,400 $ 19,100 $ 55,800 $ 69,900 $34,400 $ 43,600 1. Prepare a schedule of cost of goods manufactured. $ 32,000 $ 4,640 $ 59,200 $ 87,100 $ 4,070 2. Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured. Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Beginning raw materials inventory $ 10,400 Add: Purchases of raw materials 32,000 Total raw materials available. 2.400 Less: Ending raw materials inventory 19,100 Raw materials used in production 23,300 Less: Indirect materials used in production 4,640 Direct materials used in production $ 18,660 $ 55,800