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

Purchases of raw materials $ 32,000

Indirect materials included in manufacturing overhead $ 4,800

Direct labor $ 58,400

Manufacturing overhead applied to work in process $ 88,200

Underapplied overhead $ 4,160

Inventories Beginning Ending

Raw materials $ 10,300 $ 18,600

Work in process $ 54,700 $ 68,800

Finished goods $ 34,600 $ 42,700

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.