Primare Corporation has provided the following data concerning last month's manufacturing operations. 3 Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,550 $58,800 $88,500 $ 4,150 3.65/5 points awarded Scored Inventories Raw materials Work in process Finished goods Beginning $ 11,200 $ 54,800 $ 33,500 Ending $ 19,400 $ 67,600 $ 42,300 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 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 33,500 96,950 X 130,450 X 42,300 88,150 X 4,150 92,300 $ Primare Corporation has provided the following data concerning last month's manufacturing operations. 3 Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,550 $58,800 $88,500 $ 4,150 3.65/5 points awarded Scored Inventories Raw materials Work in process Finished goods Beginning $ 11,200 $ 54,800 $ 33,500 Ending $ 19,400 $ 67,600 $ 42,300 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 manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured x $ 11,200 31,000 41,200 X 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 Less: Indirect materials used in production Direct materials used in production Direct labor Manufacturing overhead 19,400 21,800 4,550 S $ 17,250 58,800 88,500 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 164,550 164,550 67,600 $ 96,950 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted