Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,00 $ 4,650 $59,900 $87,200 $ 4,999 Inventories Raw materials Work in process Finished goods Beginning $ 10,780 $ 55,900 $ 33,209 Ending $ 18,60 $ 66,200 $ 43,600 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 Primare Corporation Schedule of Cost of Goods Manufactured 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 10,700 32,000 42,700 18,600 24,100 4,650 $ 19,450 59,900 87,200 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 166,550 166,550 66,200 $ 156,250