Primary Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,940 Direct labor $ 58,700 Manufacturing overhead applied to work in process $ 87,200 Underapplied overhead $ 4,060 Inventories Beginning Ending Raw materials $ 10,300 $ 18,400 Work in process $ 55,600 $ 67,700 Finished goods $ 33,900 $ 43,400 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold