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. Purchases of raw materials $ 31,000 $ 4,680 Indirect materials included in manufacturing overhead Direct labor $ 58,800 $ 88,300 Manufacturing overhead applied to work in process Underapplied overhead $ 4,130 Inventories Beginning Ending Raw materials Work in process Finished goods $ 11,000 $ 19,100 $ 55,100 $ 66,500 $ 33,800 $ 42,700 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