Exerclse $3\mathrm{.}3($Algo$)$ Schedules of Cost of Goods Menufactured and Cost of Goods Sold $[$LO$3-3]$

Primare Corporation provided the following date for last month's manufacturing operations.

Purchases of raw naterials

Indirect naterials used in production

Direct labor

Manufacturing overhead applicd to work in process

Underapplied averhead

$$31,000$

$$4,580$

$$68,000$

$$87,480$

$$4,140$

Required:

Prepare a schedule of cost of goods manufactured.

$2$ Prepare a schedule of cost of goods sold. Assume the underopplied or overapplied overhead is closed to Cost of Goods Sold.

Complete this question by entering your answers in the tabs below.

Prepare a schedule of cost of goods manufactured.