Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $31,000 $ 4,980 $59,500 $88,600 $ 4,070 Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Ending $ 18,100 $ 68,200 $ 43,400 Beginning $10,000 $ 54,400 $ 33,800 Raw materials Work in process Finished goods
Required:
1. Prepare a schedule of cost of goods manufactured for the month
2. Prepare Goods Sold. schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods sold