Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $30,000 Indirect materials included in manufacturing overhead . . . . . . . . . . . . . $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

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 overap- plied overhead is closed to Cost of Goods Sold.