Primare Corporation has provided the following data concerning last month's manufacturing operations. 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. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Schedule of Cost of Goods Manufactured } \\ \hline Beginning work in process inventory & & & \\ \hline Direct materials: & & & \\ \hline Beginning raw materials inventory & \$ 10,700 & & \\ \hline Add: Purchases of raw materials & 31,000 & & \\ \hline Total raw materials available & 41,700 & & \\ \hline Add: Ending raw materials inventory & 18,700 & & \\ \hline Raw materials used in production & 23,000 & & \\ \hline Less: Indirect materials used in production & 4,990 & & \\ \hline Direct materials used in production & & $18,010 & \\ \hline Direct labor & & 59,600 & \\ \hline Manufacturing overhead & & 87,700 & \\ \hline Total manufacturing costs added to production & & & 165,310 \\ \hline Total manufacturing costs to account for & & & 165,310 \\ \hline Less: Beginning work in process inventory & & & 65,900 \\ \hline \end{tabular} Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold