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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 $ 32,000
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor $ 32,000 $ 4,530 $ 59,900 Manufacturing overhead applied to work in process $ 87,300 $ 4,190 Underapplied overhead Inventories: Work in process Raw materials Beginning Ending $ 55,600 $ 66,500 $ 11,400 Finished goods $ 33,200 $ 18,300 $42,600 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 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Direct materials Primare Corporation Schedule of Cost of Goods Manufactured 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: Beginning raw materials inventory $ 11,400 Add: Purchases of raw materials 3,200 Total raw materials available 29,700 Less: Ending raw materials inventory 18,300 Raw materials used in production 11,400 Less: Indirect materials used in production Direct materials used in production Direct labor Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured S 11,400 Required 1 Required 2 > 11,400 11,400 Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied ou Goods Sold. Primare Corporation Schedule of Cost of Goods Sold 33,200 es Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less Ending finished goods inventory Unadjusted cost of goods sold Add Underapplied overhead Adjusted cost of goods sold < Required 1 Requi2
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