Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,780 Direct labor $ 58,700 Manufacturing overhead applied to work in process $ 87,400 Underapplied overhead $ 4,080 Inventories Beginning Ending Raw materials $ 11,500 $ 19,100 Work in process $ 54,900 $ 68,600 Finished goods $ 34,300 $ 42,300

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. Step-by-step solution Step 1 of 3 A