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

Purchases of raw materials$ 32,000Indirect materials used in production$ 4,860Direct labor$ 59,000Manufacturing overhead applied to work in process$ 87,100Underapplied overhead$ 4,020

InventoriesBeginningEndingRaw materials$ 11,600$ 18,500Work in process$ 55,800$ 65,700Finished goods$ 33,800$ 43,400

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.

Primare CorporationSchedule of Cost of Goods ManufacturedDirect materials:Beginning raw materials inventoryAdd: Purchases of raw materialsTotal raw materials availableLess: Ending raw materials inventoryRaw materials used in productionDirect materials used in production$0Total manufacturing costs added to production0Total manufacturing costs to account for0Cost of goods manufactured

• 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.

Primare CorporationSchedule of Cost of Goods Sold