Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor $ 31,000 $ 4,760 $ 58,300 Manufacturing overhead applied to work in process Under applied overhead $ 87,700 $ 4,160 Inventories Raw materials Work in process Finished goods Required: Beginning Ending $ 11,700 $ 18,800 $ 54,200 $ 68,300 $ 43,900 $ 33,300 1. Prepare a schedule of cost of goods manufactured. 2. Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.