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

Purchases of raw materials	$	32,000
Indirect materials included in manufacturing overhead	$	4,880
Direct labor	$	59,800
Manufacturing overhead applied to work in process	$	87,000
Underapplied overhead	$	4,100

Inventories	Beginning		Ending
Raw materials	$	11,800	$	18,900
Work in process	$	55,800	$	68,000
Finished goods	$	33,300	$	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.

Primare Corporation
Schedule of Cost of Goods Manufactured
Direct materials:
Total raw materials available
Raw materials used in production
		$0
Total manufacturing costs
		0
Cost of goods manufactured

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