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

Purchases of raw materials$ 30,000Indirect materials used in production$ 5,000Direct labor$ 58,000Manufacturing overhead applied to work in process$ 87,000Underapplied overhead$ 4,000

InventoriesBeginningEndingRaw materials$ 12,000$ 18,000Work in process$ 56,000$ 65,000Finished goods$ 35,000$ 42,000

Required: 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 Beginning finished goods inventory