Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,780 Direct labor $ 58,700 Manufacturing overhead applied to work in process $ 88,700 Underapplied overhead $ 4,060 Inventories Beginning Ending Work in process $ 54,400 $ 67,800 Raw materials $ 10,000 $ 19,800 Finished goods $ 34,000 $ 42,900

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.