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

Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $32,000 $ 4,940 Indirect materials included in manufacturing overhead Direct labor $59,900 $87,400 4,160 Manufacturing overhead applied to work in process Underapplied overhead Ending $ 19,600 $ 66,200 $ 42,200 Inventories Raw materials Beginning $11,300 $ 55,000 $ 33,700 Work in process Finished goods 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 the question by entering your answers in the tabs below. 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 $ 11,300 19,600 Less: Ending raw materials inventory Total raw materials available 43,300 Raw materials used in production 62,900 62,900 $ Direct labor 59,900 Total manufacturing costs Add: Beginning work in process inventory 210,200 55,000 265,200 Less: Ending work in process inventory 66,200 $ 331,400 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 overhead is closed to Cost of 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 Less: Ending finished goods inventory Unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold 33,700 331,400 365,100 42,200 407,300 4,160 411,460 Required 1 Required 2