Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,910 $59,400 $87,400 $ 4,110 Inventories Raw materials Work in process Finished goods Beginning $ 10, 200 $ 55,700 $ 34,700 Ending $ 19,500 $ 69,000 $ 42,500 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. Answer is complete but not entirely correct. Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials Beginning raw materials inventory 10,200 Add: Purchases of raw materials 30,000 Total raw materials available 40,000 Less Ending raw materials inventory 19,500 O Raw malenals used in production 20,500 X Less Indirect materials included in manufacturing overhead 4,910 15,590 Direct labor 59,400 Manufacturing overhead applied to work in process 87,400 Total manufacturing costs Add. Beginning work in process inventory 162,390 55,700 218,090 Less Ending work in process inventory 69,000 Cost of goods manufactured 24 149,090 KRequired Required 2 > Required 1 Required 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. Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory 34,700 Add Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory 149,090 183,790 0 42,500 Unadjusted cost of goods sold Add Underapplied overhead 34,700 4,110 Adjusted cost of goods sold 38,810