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Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,540

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

Purchases of raw materials $ 31,000
Indirect materials used in production $ 4,540
Direct labor $ 59,700
Manufacturing overhead applied to work in process $ 88,300
Underapplied overhead $ 4,150

Inventories Beginning Ending
Raw materials $ 11,400 $ 18,100
Work in process $ 54,200 $ 65,300
Finished goods $ 34,000 $ 42,200

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.

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