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 $ 4,910 $58,600 $87,100 $ 4,160 Inventories Raw materials Work in process Finished goods Beginning $ 10,100 $ 54,000 $ 33,600 Ending $ 19,800 $ 66,500 $ 42,700 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 Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. $ 54,000 Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Beginning raw materials inventory $ 10,100 Add: Purchases of raw materials 31,000 Total raw materials available 41,100 Less: Ending raw materials inventory 19,800 Raw materials used in production 21,300 Less: Indirect materials used in production 4,910 Direct materials used in production Direct labor Manufacturing overhead $ 16,390 58,600 87.100 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 162,090 216,090 66,500 Required 2 > Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. $ 54,000 Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Beginning raw materials inventory $ 10,100 Add: Purchases of raw materials 31,000 Total raw materials available 41,100 Less: Ending raw materials inventory 19,800 Raw materials used in production 21,300 Less: Indirect materials used in production 4,910 Direct materials used in production Direct labor Manufacturing overhead > $ 16,390 58,600 >>> 87,100 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 162,090 216,090 66,500 Required 2 >