Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3]

Primare Corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials	$	30,000
Indirect materials included in manufacturing overhead	$	4,850
Direct labor	$	59,200
Manufacturing overhead applied to work in process	$	87,200
Underapplied overhead	$	4,040

Inventories	Beginning		Ending
Raw materials	$	11,200	$	19,600
Work in process	$	54,100	$	69,400
Finished goods	$	34,600	$	43,400

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.

wa Ch3 Mastery Exercise x-- wa Ch3 Graded Homen C Secure! https:/ t.html W4 Ch3 Mastery Exercises 6 Help Save & Exit Submit Check my work Required: a. Complete the spreadsheet below b. Prepare a Schedule of Cost of Goods Sold for the company for October. c. Prepare an Income Statement for the company for October 15 poinss Complete this question by entering your answers in the table below. Prepare an Income Statement for the com eany.for Ostober ISON Print Income Statement Selling and adiministrative expenzes