Primary Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect materials used in Direct labor production Manufacturing overhead applied to work in process Underapplied overhead $ 32,000 $ 4,850 $ 59,100 $ 88,400 $ 4,180 Inventories Raw materials Work in process Finished goods Beginning $ 11,900 $ 55,100 $ 35,000 Ending $ 19,400 $ 67,200 $ 43,500 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