Primare Corporation provided the following data for last month$$s manufacturing operations. Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is close Required $1$

Required $2$

Prepare a schedule of cost of goods manufactured.

$\backslash$table$[[$Primare Corporation$],[$Schedule of Cost of Goods Manufactured$],[$Beginning work in process inventory,,,$$,55,800],[$Direct materials:$],[$Beginning raw materials inventory,$ $12,000,,,],[$Add: Purchases of raw materials,$31,000,,,],[$Total raw materials available,$43,000,,,],[$Less: Ending raw materials inventory,$18,700,,,],[$Raw materials used in production,$24,300,,,],[$Less: Indirect materials used in production,$(4,530),,,],[$Direct materials used in production,,$ $19,770,,],[$Direct labor,,$58,200,,],[$Manufacturing overhead,,$88,800,,],[,,,,],[$Total manufacturing costs added to production,,,,$166,770],[$Total manufacturing costs to account for,,,,$222,570],[$Less: Ending work in process inventory,,,,$(65,100)],[$Cost of goods manufactured,,,$$,157,470]]$

Purchases of raw materials $ $31,000$

Indirect materials used in production $ $4,530$

Direct labor $ $58,200$

Manufacturing overhead applied to work in process $ $88,800$

Underapplied overhead $ $4,190$

Inventories Beginning Ending

Raw materials $ $12,000$ $ $18,700$

Work in process $ $55,800$ $ $65,100$

Finished goods $ $34,000$ $ $42,300$

Required:

Prepare a schedule of cost of goods manufactured.

Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.