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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 $ 4,810

Primare Corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials $ 30,000
Indirect materials used in production $ 4,810
Direct labor $ 58,200
Manufacturing overhead applied to work in process $ 88,400
Underapplied overhead $ 4,200

Inventories Beginning Ending
Raw materials $ 10,800 $ 18,600
Work in process $ 55,400 $ 67,400
Finished goods $ 34,700 $ 42,000

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

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Required 2

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repare a schedule of cost of qoods manufactured for the month. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold

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