Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect materials used in production $ 31,000 $ 4,640 Direct labor $ 60,000 5:13 Manufacturing overhead applied to work in process $ 88,700 Underapplied overhead $ 4,060 Inventories Raw materials Beginning Ending $ 10,000 $ 19,000 7 Work in process $ 54,700 $ 65,300 Finished goods $ 34,900 $ 43,900 ces 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.