Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,940 Direct labor $ 58,700 Manufacturing overhead applied to work in process $ 87,700 Underapplied overhead $ 4,120 Inventories Beginning Ending Raw materials $ 10,400 $ 18,400 Work in process $ 54,800 $ 67,200 Finished goods $ 33,800 $ 43,100 Required: 1. Prepare a schedule of cost of goods manufactured for the month. Does the schedule of cost of goods manufactured begin with "beginning work in process inventory"?

Then, does it follow with the following categories: 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.

What are the values associated with each of these categories? Should the cost of goods manufactured equal $157,000