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

Purchases of raw materials	$	30,000
Indirect materials included in manufacturing overhead	$	4,760
Direct labor	$	58,700
Manufacturing overhead applied to work in process	$	88,400
Underapplied overhead	$	4,140

Inventories	Beginning		Ending
Raw materials	$	11,900	$	19,900
Work in process	$	54,200	$	67,600
Finished goods	$	34,400	$	42,500

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.

Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory Add: Purchases of raw materials 30,000 Total raw materials available $ 0 Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add: Beginning work in process inventory 0 Less: Ending work in process inventory Cost of goods manufactured Primare Corporation Schedule of Cost of Goods Sold