Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories $ 32,000 $ 4,980 $ 59,700 $ 87,800 $ 4,040 Beginning Ending Raw materials $ 10,800 $ 18,800 Work in process $ 54,300 $ 67,900 Finished goods $ 34,700 $ 43,100 Required: 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.