Primare Corporation provided the following data for last month$$s manufacturing operations. 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 Sol

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Required $2$

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

Purchases of raw materials $ $31,000$

Indirect materials used in production $ $4,840$

Direct labor $ $58,800$

Manufacturing overhead applied to work in process $ $87,600$

Underapplied overhead $ $4,130$

Inventories Beginning Ending

Raw materials $ $11,900$ $ $19,800$

Work in process $ $55,200$ $ $65,400$

Finished goods $ $33,200$ $ $42,600$

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.