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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 | $ | 4,780 |
Direct labor | $ | 59,100 |
Manufacturing overhead applied to work in process | $ | 87,800 |
Under applied overhead | $ | 4,140 |
Inventories | Beginning | Ending | ||
Raw materials | $ | 10,500 | $ | 18,800 |
Work in process | $ | 55,200 | $ | 66,300 |
Finished goods | $ | 33,200 | $ | 42,100 |
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 under applied or over applied overhead is closed to Cost of Goods Sold.
Complete the question by entering your answers in the tabs below. 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 Required 1 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 SoldStep by Step Solution
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