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1 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials used in production
1 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials used in production $ 5,000 Direct labor $ 58,000 points Manufacturing overhead applied to work in process Underapplied overhead $ 87,000 $ 4,000 eBook Inventories Rav materials Beginning Ending $ 12,000 $ 18,000 Work in process Finished goods $ 56,000 $ 65,000 $ 35,000 $ 42,000 Hint Print 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 Goods Sold. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials Beginning raw materials inventory $ 12,000 Add: Purchases of raw materials 30,000 Total raw materials available 42,000 18,000 Raw materials used in production 24,000 Less: Indirect materials used in production 5,000 Direct materials used in production $ 19,000 Direct labor 58,000 87,000 Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 164,000 164,000 155,000 Required 1 Required 2 > I
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