Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,580 $ 58,800 $87,900 $ 4,050 Inventories Beginning Ending Work in process $ 55,000 $ 68,400 Raw materials $ 11,500 $ 18,700 Finished goods $ 34,000 $ 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. Complete this question by entering your answers in the tabs below. 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 Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory Add Cost of anods manufactured $ 34,000 < Prev 2 of 6 Next > Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation) Schedule of Cost of Goods Manufactured Beginning work in process inventory es 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 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 i $ 55,000 $ 11,500 31,000 42,500 18,700 S 0 Required 1 Required 2 > 0 55,000 68,400 Required 11 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 Corporation Schedule of Cost of Goods Sold 34,000 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 - 43,100 4,050