Goods Sold.

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Prepare a schedule of cost of goods manufactured for the month.Primare Corporation has provided the following data concerning last month$$s manufacturing operations.

Purchases of raw materials $ $30,000$

Indirect materials used in production $ $4,920$

Direct labor $ $59,800$

Manufacturing overhead applied to work in process $ $87,900$

Underapplied overhead $ $4,170$

Inventories Beginning Ending

Raw materials $ $11,300$ $ $19,200$

Work in process $ $55,500$ $ $69,100$

Finished goods $ $33,800$ $ $43,900$

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. and then 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