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Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,530 $59,600 $88,100 $ 4,040 Inventories Raw materials Work in process Finished goods Beginning $ 10,500 $ 55,200 $ 34,600 Ending $ 19,200 $ 65,600 $ 43,000 Required: 1. Prepare a schedule 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured 10,500 31,000 41,500 + Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials used in production Direct materials used in production 19,200 22,300 4,530 $ 17.770 59,600 88,100 Direct labor Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 165.470 165,470 65,600 117,640 $ Complete this question by entering your answers in the tabs below. Required 1 Required 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 Primaro Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory $ 34,600 Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory 43,000 Unadjusted cost of goods sold 4,040 TAdlusted cost of goods sold