EXERCISE 3-3 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. Inventories Raw materials. Work in process Finished goods. Purchases of raw materials. Indirect materials included in manufacturing overhead Direct labor.... Manufacturing overhead applied to work in process Underapplied overhead... Job-Order Costing: Cost Flows and External Reporting Beginning Ending $12,000 $18,000 $56,000 $65,000 $35,000 $42,000 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. $30,000 $5,000 $58,000 $87,000 $4,000