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

Purchases of raw materials	$ 31,000
Indirect materials used in production	$ 4,870
Direct labor	$ 59,900
Manufacturing overhead applied to work in process	$ 88,200
Underapplied overhead	$ 4,020

Inventories	Beginning	Ending
Raw materials	$ 10,700	$ 18,300
Work in process	$ 55,300	$ 69,400
Finished goods	$ 33,400	$ 42,400

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.

X 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 Beginning work in process inventory Direct materials: $ 10,700 31,000 Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production 41,700 (18,300) 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 $ 0 23,400 X 59,900 X 18,300 X $ 55,300 101,600 156,900 (69,400) $157,400 X X 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 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 33,400 157,400 X Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory 190,800 X (42,400) Unadjusted cost of goods sold 148,400 X Add: Underapplied overhead 4,020 Adjusted cost of goods sold 152,420 X > 3333 $ $