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Primare Corporation provided the following data for last months manufacturing operations. Purchases...

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Accounting

Primare Corporation provided the following data for last months manufacturing operations.
Purchases of raw materials $ 31,000
Indirect materials used in production $ 4,980
Direct labor $ 58,400
Manufacturing overhead applied to work in process $ 87,400
Underapplied overhead $ 4,110
Inventories Beginning Ending
Raw materials $ 11,100 $ 19,300
Work in process $ 55,800 $ 67,900
Finished goods $ 33,200 $ 43,200
Required:
Prepare a schedule of cost of goods manufactured.
Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.

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