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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 $ 4,990
Direct labor $ 58,300
Manufacturing overhead applied to work in process $ 87,900
Underapplied overhead $ 4,120

Inventories Beginning Ending
Raw materials $ 10,900 $ 18,500
Work in process $ 54,300 $ 66,800
Finished goods $ 33,200 $ 44,000

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.

Prepare a schedule of cost of goods manufactured for the month.

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Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to co Goods Sold. Primare Corporation Schedule of Cost of Goods Sold

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