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 closed to Cost of Goods Sold.

Remuired? Primare Corporation provided the following data for last month's manufacturing operations.

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.

Purchases of raw materials $ $31,000$

Indirect materials used in production $ $4,630$

Direct labor $ $60,000$

Manufacturing overhead applied to work in process $ $87,300$

Underapplied overhead $ $4,040$

Inventories Beginning Ending

Raw materials $ $10,300$ $ $19,600$

Work in process $ $54,200$ $ $68,000$

Finished goods $ $33,300$ $ $43,500$

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.