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

Purchases of raw materials	$ 31,000
Indirect materials used in production	$ 4,750
Direct labor	$ 59,100
Manufacturing overhead applied to work in process	$ 87,900
Underapplied overhead	$ 4,180

Inventories	Beginning	Ending
Raw materials	$ 10,300	$ 18,300
Work in process	$ 54,200	$ 66,700
Finished goods	$ 34,200	$ 43,500

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.

Required 1 Required 2 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 Total raw materials available 10,300 31,000 41,300 18,300 23,000 Less: Ending raw materials inventory Raw materials used in production Less: Manufacturing overhead cost Direct materials used in production Manufacturing overhead 4,750 $ 18,250 59,100 879,000 956,350 Total manufacturing costs added to production Total manufacturing costs to account for 956,350 Cost of goods manufactured Required 1 Required 2 > Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied ove Goods Sold. Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Add: Ending finished goods inventory Unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold