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

$$31,680$

$$4,530$

$$59,960$

$$88,680$

$$4,190$

Requlred:

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 $2$

Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is

closed to Cost of Goods Sold.

Primare Corporation

Schedule of Cost of Goods Sold

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