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

Purchases of raw materials	$ 32,000
Indirect materials used in production	$ 4,570
Direct labor	$ 59,800
Manufacturing overhead applied to work in process	$ 87,800
Underapplied overhead	$ 4,030

Inventories	Beginning	Ending
Work in process	$ 54,100	$ 69,100
Raw materials	$ 11,400	$ 18,500
Finished goods	$ 34,600	$ 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.

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

Purchases of raw materials	$ 32,000
Indirect materials used in production	$ 4,570
Direct labor	$ 59,800
Manufacturing overhead applied to work in process	$ 87,800
Underapplied overhead	$ 4,030

Inventories	Beginning	Ending
Work in process	$ 54,100	$ 69,100
Raw materials	$ 11,400	$ 18,500
Finished goods	$ 34,600	$ 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.