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

Purchases of raw materials $ 31,000

Indirect materials used in production $ 4,570

Direct labor $ 58,100

Manufacturing overhead applied to work in process $ 87,900

Underapplied overhead $ 4,020

Inventories Beginning Ending

Raw materials $ 11,900 $ 19,400

Work in process $ 54,500 $ 68,000

Finished goods $ 33,600 $ 42,500

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.