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Everything I have in the schedule is correct, but it is telling me my answer isn't complete. Assistance? Primare Corporation Schedule of Cost of Goods
Everything I have in the schedule is correct, but it is telling me my answer isn't complete. Assistance?
Primare Corporation Schedule of Cost of Goods Manufactured $ 11,300 32,000 43,300 es 18,700 Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials used in production Direct materials used in production Direct labor Manufacturing overhead 24,600 4,840 19,760 58,600 88,100 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 166,460 166,460 69,300 Required Required 2 > 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 Under applied overhead $ 32,000 $ 4,840 $ 58,600 $ 80,100 $ 4,020 Inventories Raw materials Work in process Tinished goods Beginning $ 11,300 $ 55,900 $ 34,000 Ending $ 18,700 $ 69,300 $ 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 Step by Step Solution
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