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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 Manufacturing overhead
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 $ 30,000 $ 4,850 $ 59,200 $ 87,200 $ 4,180 Inventories Raw materials Work in process Finished goods Beginning $ 11,280 $ 54,600 $ 34,900 Ending $ 19,700 $ 67,200 $ 42,200 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 Goods Sold close to Cost of Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 IS 11,200 $ Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Ending raw materials inventory Direct materials: Beginning raw materials inventory 11.200 Add: Purchases of raw materials 30.000 Total raw materials available 41.200 Less: Ending raw materials inventory Raw materials used in production 21,500 Less: Indirect materials used in production 4,850 Direct materials used in production Direct labor Manufacturing overhead Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured > $ 16,650 59,200 O 87,200 163,050 326,100 337,300 67,200 $ 150,450 Required Required 2 >
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