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

Purchases of raw materials	$	31,000
Indirect materials used in production	$	4,680
Direct labor	$	59,900
Manufacturing overhead applied to work in process	$	88,800
Underapplied overhead	$	4,030

Inventories	Beginning		Ending
Raw materials	$	10,800	$	19,200
Work in process	$	55,200	$	65,400
Finished goods	$	34,000	$	43,100

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.

Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventory $ 55,200 Direct materials: $ Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available 10,800 31,000 41,800 19,200 22,600 Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials used in production Direct materials used in production Manufacturing overhead Direct labor 4,680 $ 17,920 88,800 59,900 166,620 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 221,820 65,400 156,620 $ Required Required 2 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 Goods Sold Complete this question by entering your answers in the tabs below. 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