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

Purchases of raw materials	$	30,000
Indirect materials used in production	$	5,000
Direct labor	$	58,000
Manufacturing overhead applied to work in process	$	87,000
Underapplied overhead	$	4,000

Inventories	Beginning		Ending
Raw materials	$	12,000	$	18,000
Work in process	$	56,000	$	65,000
Finished goods	$	35,000	$	42,000

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.