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Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...

Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,640 Direct labor $ 59,200 Manufacturing overhead applied to work in process $ 88,000 Underapplied overhead $ 4,110 Inventories Beginning Ending Raw materials $ 11,400 $ 19,600 Work in process $ 54,200 $ 66,600 Finished goods $ 33,200 $ 42,100 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.

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