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can somebody please help with this entire problem, I cant seem to get something correct. thank you 1 Primare Corporation has provided the following data
can somebody please help with this entire problem, I cant seem to get something correct. thank you 1
Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,520 $58,200 $87,600 $ 4,010 -09 Inventories Raw materials Work in process Finished goods Beginning Ending $12,000 $ 19,800 $ 55,900 $ 69,500 $ 34,400 $ 43,800 35 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 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 Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. $ 55,900 Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Beginning raw materials inventory $ 12,000 Add: Purchases of raw materials 31,000 Total raw materials available 43,000 Less: Ending raw materials inventory 19,800 Raw materials used in production 23,200 Less: Indirect materials used in production 4,520 Direct materials used in production Direct labor Manufacturing overhead $ 18,680 58,200 87,600 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 164,480 220,380 69,500 (Required 1 Required 2 > Prey 1 of 3 ti Next > Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume Goods Sold. Primare Corporation Schedule of Cost of Goods Sold Step by Step Solution
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