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How should I fill in this space? Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 31,000
How should I fill in this space?
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,850 Direct labor $ 59,700 Manufacturing overhead applied to work in process $ 87,200 Underapplied overhead $ 4,030 Inventories Raw materials Work in process Finished goods Beginning $ 11,000 $ 54,100 $ 34,600 Ending $ 19,300 $ 67,700 $ 42,300 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. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Direct materials used in production $ 0 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufacturedStep by Step Solution
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