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

Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $32,000 $ 4,630 Indirect materials included in manufacturing overhead Direct labor $58,500 $88,000 $ 4,140 Manufacturing overhead applied to work in process Underapplied overhead Inventories Beginning $ 10,100 $55,200 $ 34,400 Ending $ 18,500 Raw materials Work in process Finished goods 68,600 $ 43,100 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 Corporation Schedule of Cost of Goods Manufactured 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 included in manufacturing overhead 0 Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add: Beginning work in process inventory 0 Less: Ending work in process inventory Cost of goods manufactured Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overappl Goods Sold Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold