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Primare Corporation has provided the following data concerning last month's manufacturing operations.Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule
Primare Corporation has provided the following data concerning last month's manufacturing operations.Prepare a schedule of cost of goods manufactured for the month.
Primare Corporation
Schedule of Cost of Goods Manufactured
tableDirect materials:,,,Beginning raw materials inventory,,,Add: Purchases of raw materials,,,Total raw materials available,,,Less: Ending raw materials inventory,,,Raw materials used in production,,$Less: Indirect materials used in production,,,Direct materials used in production,,,Manufacturing overhead,,,Total manufacturing costs added to production,,,Total manufacturing costs to account for,,,Cost of goods manufactured,,,
Required:
Prepare a schedule of cost of goods manufactured for the month.
Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of
Goods Sold.
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