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Primare Corporation has provided the following data concerning last months manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials used in production $ 4,880
Primare Corporation has provided the following data concerning last months manufacturing operations.
Purchases of raw materials | $ 30,000 |
---|---|
Indirect materials used in production | $ 4,880 |
Direct labor | $ 58,700 |
Manufacturing overhead applied to work in process | $ 87,600 |
Underapplied overhead | $ 4,070 |
Inventories | Beginning | Ending |
---|---|---|
Raw materials | $ 11,800 | $ 19,300 |
Work in process | $ 54,900 | $ 68,100 |
Finished goods | $ 34,100 | $ 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. Prepare a schedule of cost of goods manufactured for the month. Complete this question by entering your answers in the tabs be Prepare a schedule of cost of goods sold for the month. Assume the uno Goods SoldStep by Step Solution
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