Question
Prepare a schedule of cost of goods manufactured and prepare a schedule of cost of goods sold for the month. Primare Corporation has provided the
Prepare a schedule of cost of goods manufactured and prepare a schedule of cost of goods sold for the month.
Primare Corporation has provided the following data concerning last months manufacturing operations.
- Purchases of raw materials $30,000
- Indirect materials included in manufacturing overhead $4,610
- Direct labor $58,200
- Manufacturing overhead applied to work in process $88,900
- Underapplied overhead $4,000
| Inventories | Beginning | Ending | ||
|---|---|---|---|---|
| Raw materials | $ | 10,500 | $ | 18,500 |
| Work in process | $ | 56,000 | $ | 68,300 |
| Finished goods | $ | 34,800 | $ | 43,500 |
What is the total COGM?
What is the total Adjusted COGS?
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Case And Problem Materials In Management Accounting
Authors: Tony Brabazon And Tony ODea
2nd Edition
1412024315, 978-1412024310
