Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process $ 31,000 $ 4,570 $ 59,600 $ 88,200 $ 4,020 Underapplied overhead Inventories Beginning Ending Raw materials $ 10,600 $ 18,100 Work in process $ 54,500 $ 68,100 Finished goods $ 35,000 $ 43,600 Required: Rectangu 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.