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Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead

Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Beginning Ending $ 30,000 $ 5,000 $ 58,000 $ 87,000 $ 4,000 $ Raw materials 12,000 18,000 Work in $ $ process 56,000 65,000 Finished $ $ goods 35,000 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare a schedule of cost of goods manufactured for the month. Direct materials: Primare Corporation Schedule of Cost of Goods Manufactured Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Add: Ending raw materials inventory Raw materials used in production Less: Manufacturing overhead cost Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured $ < Required 1 Required 2 > 0

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