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Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials used in production $ 4,690

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

Purchases of raw materials $ 30,000
Indirect materials used in production $ 4,690
Direct labor $ 58,700
Manufacturing overhead applied to work in process $ 88,000
Underapplied overhead $ 4,100

Inventories Beginning Ending
Raw materials $ 11,500 $ 19,700
Work in process $ 54,200 $ 66,900
Finished goods $ 33,500 $ 43,800

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.

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