Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,820 Direct labor $ 58,500 Manufacturing overhead applied to work in process $ 87,000 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $ 10,100 $ 18,900 Work in process $ 54,600 $ 69,100 Finished goods $ 34,000 $ 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.