Primary Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,860 Direct labor $ 58,900 Manufacturing overhead applied to work in process $ 87,500 Underapplied overhead $ 4,040 Inventories Beginning Ending Raw materials $ 11,900 $ 19,800 Work in process $ 55,900 $ 66,200 Finished goods $ 35,000 $ 43,700 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