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just need help with the math for the ones i left blank, please show work. Thank you! Primare Corporation has provided the following data concerning
just need help with the math for the ones i left blank, please show work. Thank you!
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 Underapplied overhead $32,000 $ 4,940 558,900 587,100 $ 4,170 Inventories Raw materials Work in process Finished goods Beginning Ending $ 11,500 $19,700 $ 55,000 $ 65,900 $ 33,500 $ 43,300 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. $ 55,000 Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials Beginning raw materials inventory $ 11,500 Add: Purchases of raw materials 32,000 Total raw materials available Less: Ending raw materials inventory 19,700 Raw materials used in production Less: Indirect materials used in production 4,940 Direct materials used in production Direct labor Manufacturing overhead $ (4.940) 58,900 87,100 Total manufacturing costs added to production Total manufacturing costs to account for Less Ending work in process inventory Cost of goods manufactured 141,060 196,060 65,900 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Co Goods Sold 16:00 Complete this question by entering your answers in the tabs below. bok Required: Required 2 ht Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to cost of Goods Sold. sk Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods Inventory Add: Cost of goods manufactured Less Ending finished goods inventory ences Adjusted cost of goods sold Step by Step Solution
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