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. 3ook Purchases of raw materials Indirect materials used in production Direct labor Manuracturing overhead applied to work in procesa Underapplied overhead $30,000 54,740 559,200 $88,100 $ 4,160 Inventorio RAM materials World in DECO Tinished goods Beginning Ending 311.200 $ 19,400 555, 800 $ 69,000 $ 33,400 $.$2,900 Required: 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 Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available SK Raw materials used in production rence Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Mc G Required 1 Required 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 Primare Corporation Schedule of Cost of Goods Sold