Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,840 Direct labor $ 59,200 Manufacturing overhead applied to work in process $ 87,600 Underapplied overhead $ 4,190 Inventories Beginning Ending Raw materials $ 10,400 $ 18,700 Work in process $ 54,600 $ 69,400 Finished goods $ 33,800 $ 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