Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-6]

Primare Corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials	$	31,000
Indirect materials included in manufacturing overhead	$	4,680
Direct labor	$	58,900
Manufacturing overhead applied to work in process	$	87,200
Underapplied overhead	$	4,080

Inventories	Beginning		Ending
Raw materials	$	10,200	$	19,000
Work in process	$	54,700	$	67,700
Finished goods	$	34,800	$	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.