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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 $
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 $ 4,700 $ 58,500 Manufacturing overhead applied to work in process Underapplied overhead Inventories $ 87,600 $ 4,100 Raw materials Beginning $ 10,800 Ending $ 19,500 Work in process $ 55,800 $ 66,100 Finished goods $ 33,100 $ 42,900 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 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 Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured + Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is c Goods Sold. Primare Corporation Schedule of Cost of Goods Sold < Required 1 Required 2>
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