Question: Hello all, could someone please help me answer this question? Thank you in advance! Primare Corporation has provided the following data concerning last months manufacturing

Hello all, could someone please help me answer this question? Thank you in advance!

Primare Corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials $ 32,000
Indirect materials included in manufacturing overhead $ 4,760
Direct labor $ 58,500
Manufacturing overhead applied to work in process $ 87,700
Underapplied overhead $ 4,150

Inventories Beginning Ending
Raw materials $ 10,200 $ 18,700
Work in process $ 54,600 $ 67,800
Finished goods $ 33,500 $ 42,600

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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