Primare Corporation has provided the following data concerning last month’s manufacturing operations.

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	$	4,550
Direct labor	$	58,700
Manufacturing overhead applied to work in process	$	88,500
Underapplied overhead	$	4,060

Inventories	Beginning		Ending
Raw materials	$	10,800	$	20,000
Work in process	$	54,300	$	66,500
Finished goods	$	34,800	$	42,000

Required:
1. Prepare a schedule of cost of goods manufactured for the month.

 



Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.