Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,990 Direct labor $ 58,300 Manufacturing overhead applied to work in process $ 88, 100 Underapplied overhead $ 4,020 Inventories Beginning Ending Raw materials $ 10,900 $ 18,000 Work in process $ 55,500 $ 68,200 Finished goods $ 33,500 $ 42,700 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 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 Beginning work in process inventory Direct materials: Beginning raw materials inventory 10,900 Add: Purchases of raw materials 31,000 Total raw materials available 41,900 Less: Ending raw materials inventory 18,000 Raw materials used in production 23,900 Less: Indirect materials used in production 4,990 Direct materials used in production Direct labor Manufacturing overhead $ 18,910 58,300 88,100 165,310 165,310 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured Required 1 Required 2 > Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,990 Direct labor $ 58,300 Manufacturing overhead applied to work in process $ 88, 100 Underapplied overhead $ 4,020 Inventories Beginning Ending Raw materials $ 10,900 $ 18,000 Work in process $ 55,500 $ 68, 200 Finished goods $ 33,500 $ 42,700 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. Complete this question by entering your answers in the tabs below. Required 1 Required 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. $ 33,500 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 42,700