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 $ 30,000 Indirect materials used in production $4,870 $ 59,800 Manufacturing overhead applied to work in process Underapplied overhead $ 4,140 Direct labor $ 87.900 Inventories Work in process Raw material Finished goods Beginning $ 55,300 $ 10,900 $ 34,700 Ending $ 69,700 $18.400 $12.900 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 overapplied overhead is closed to Cost of Goods Sold Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials Total raw materials available Raw matenals used in production Direct matenals used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 2 > Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to of Goods Sold Primare Corporation Schedule of Cost of Goods Sold entering your answers in the tabs below. 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