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

Purchases of raw materials	$	30,000
Indirect materials included in manufacturing overhead	$	4,650
Direct labor	$	59,500
Manufacturing overhead applied to work in process	$	87,800
Underapplied overhead	$	4,180

Inventories	Beginning		Ending
Raw materials	$	10,000	$	18,200
Work in process	$	55,700	$	66,200
Finished goods	$	33,200	$	43,700

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.

• Required 1
• Required 2

Prepare a schedule of cost of goods manufactured for the month.

Primare Corporation
Schedule of Cost of Goods Manufactured
Direct materials:
Beginning raw materials inventory	$10,000
Add: Purchases of raw materials	30,000
Total raw materials available
Raw materials used in production
		$0
Total manufacturing costs
		0
Cost of goods manufactured

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