Check my work 4 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $30, 000 Indirect materials included in manufacturing overhead $ 4, 780 Direct labor $60, 000 8 Manufacturing overhead applied to work in process $88, 600 points Underapplied overhead $ 4, 150 Inventories Beginning Ending Raw materials $ 11, 200 $ 18, 300 Book Work in process $54, 000 $ 68, 400 Finished goods $ 34, 300 $ 43, 500 Hint 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 Print Goods Sold. References Complete the question by entering your answers in the tabs below. Required 1 Required 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:. Primare Corporation Schedule of Cost of Goods Sold Mc Check my work 5 Osborn Manufacturing uses a predetermined overhead rate of $19.90 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $272,630 of total manufacturing overhead for an estimated activity level of 13,700 direct labor-hours. The company actually incurred $270,000 of manufacturing overhead and 13,200 direct labor-hours during the period. 8 points Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Would the journal entry to dispose of the underapplied or overapplied overhead increase or decrease the company's gross margin? By how much? eBook 1. Manufacturing overhead by Print The gross margin would by References Mc Gra Check my work 6 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 215, 000 10 Purchases of raw materials $ 262, 000 points Direct labor Administrative expenses $ 157, 000 Manufacturing overhead applied to work in process $ 369, 000 Actual manufacturing overhead cost $ 358, 000 eBook Inventory balances at the beginning and end of the year were as follows: Print Beginning End of of Year Year Raw materials $ 58, 000 32, 000 $ 25, 000 In Work in process Finished goods $ 36, 000 References The total manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $735,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $38,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income COGS COGM Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses: Mc Graw Check my work 6 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) 10 points Selling expenses $215, 000 Purchases of raw materials $262, 000 Direct labor Administrative expenses $157, 000 Book Manufacturing overhead applied to work in process $369, 000 Actual manufacturing overhead cost $358, 000 Print Inventory balances at the beginning and end of the year were as follows: Reference Beginning End of of Year Year Raw materials $58, 000 $32,00 Work in process $25, 000 Finished goods $36, 000 l manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $735,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $38,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income COGS COGM Statem... Schedule Schedule Prepare a schedule of cost of goods manufactured. Superior Company Schedule of Cost Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Grav