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

Purchases of raw materials

Indirect materials used in production $$30,000$

Direct labor $$5,000$

Manufacturing overhead applied to work in process $$58,000$

Underapplied overhead

$ $87,000$

$$4,000$

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.