Question
Exercise 2-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO2-6] Primare Corporation has provided the following data concerning last months manufacturing
Exercise 2-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO2-6]
Primare Corporation has provided the following data concerning last months manufacturing operations. |
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Purchases of raw materials | $ | 30,000 |
Indirect materials included in manufacturing overhead | $ | 4,910 |
Direct labor | $ | 59,300 |
Manufacturing overhead applied to work in process | $ | 88,200 |
Underapplied overhead | $ | 4,160 |
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Inventories | Beginning | Ending | ||
Raw materials | $ | 10,700 | $ | 18,200 |
Work in process | $ | 54,300 | $ | 69,000 |
Finished goods | $ | 33,000 | $ | 43,200 |
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Required: |
1. | Prepare a schedule of cost of goods manufactured for the month. |
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