Primare Corporation has provided the following data concerning last month$$s manufacturing operations.

Purchases of raw materials $ $30,000$

Indirect materials used in production $ $5,000$

Direct labor $ $58,000$

Manufacturing overhead applied to work in process $ $87,000$

Underapplied overhead $ $4,000$

Inventories Beginning Ending

Raw materials $ $12,000$ $ $18,000$

Work in process $ $56,000$ $ $65,000$

Finished goods $ $35,000$ $ $42,000$

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. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.