Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,930 Direct labor $ 59,000 Manufacturing overhead applied to work in process $ 87,400 Underapplied overhead $ 4,130 Inventories Beginning Ending Work in process $ 55,500 $ 66,500 Raw materials $ 11,300 $ 19,400 Finished goods $ 34,200 $ 42,100

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.