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

Purchases of raw materials$ 30,000

Indirect materials used in production$ 4,810

Direct labor$ 58,100

Manufacturing overhead applied to work in process$ 88,500

Underapplied overhead$ 4,110

InventoriesBeginningEnding

Raw materials$ 10,200$ 18,200

Work in process$ 54,400$ 66,500

Finished goods$ 35,000$ 42,900

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.

Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] 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. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured for the month. Frepare a schodule of cost of cogds manufactured for the month Prepafe a schedul Anehidz goods sold foc the month. Assume the underapplied or owerbpplies overtheas is elesed top Copt of Goods Sold