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Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials included in manufacturing overhead $
| Primare Corporation has provided the following data concerning last months manufacturing operations. |
| Purchases of raw materials | $ | 30,000 |
| Indirect materials included in manufacturing overhead | $ | 5,000 |
| Direct labor | $ | 58,000 |
| Manufacturing overhead applied to work in process | $ | 87,000 |
| Underapplied overhead | $ | 4,000 |
| Inventories | Beginning | Ending | ||
| Raw materials | $ | 12,000 | $ | 18,000 |
| Work in process | $ | 56,000 | $ | 65,000 |
| Finished goods | $ | 35,000 | $ | 42,000 |
| | ||||
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
