Parmitan corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials______________________________ $53,000

Indirect materials included in manufacturing overhead________ 8,000

Direct labor__________________________________________ 62,000

Manufacturing overhead applied to work in process__________ 41,000

Underapplied overhead_________________________________ 8,000

Ending raw materials

Inventory = $25,000

Ending work in process

Inventory = $43,000

INVENTORIES Beginning of year Ending of year

Raw materials__________________________________$24,000 $ 6,000

work in process ___________________________ 41,000 38,000

Finished goods________________________________ 66,000 93,000

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.