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

Purchases of raw materials $ 31,000

Indirect materials used in production $ 4,840

Direct labor $ 59,000

Manufacturing overhead applied to work in process $ 88,300

Underapplied overhead $ 4,040

Inventories Beginning Ending

Raw materials $ 11,800 $ 19,100

Work in process $ 54,700 $ 68,600

Finished goods $ 33,600 $ 42,500

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

X Answer is not complete. 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 11,800 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 31,000 42,800 (19,100) 23,700 (4,840) + $ 18,860 59,000 88,300 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 166, 160 166,160 (68,600) $ 152,260 MC Graw Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the undera Goods Sold. $ Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Ending finished goods inventory Cost of goods available for sale Less: Ending finished goods inventory Adjusted cost of goods sold Add: Underapplied overhead 152,260 x 33,600 x 185,860 42,500 143,360 4,040