Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor $ 30,000 $ 5,000 $ 58,000 Manufacturing overhead applied to work in process Underapplied overhead $ 87,000 $ 4,000 Inventories Raw materials Work in process Finished goods Required: Beginning Ending $ 12,000 $ 18,000 $ 56,000 $ 65,000 $ 35,000 $ 42,000 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Purchases of raw materials Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials used in production Direct materials used in production Direct labor Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured $ 12,000 30,000 42,000 (18,000) 24,000 (5,000) $ 19,000 58,000 87,000 164,000 164,000 (65,000) $ 155,000 Beginning work in process inventory Ending raw materials inventory Ending work in process inventory Manufacturing overhead cost Purchases of raw materials