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Primere Corporation has provided the following date concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing
Primere Corporation has provided the following date 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 Inventories Beginning Ending Raw materials $ 11,988 $ 19,900 Work in process $ 54,600 $ 65,700 Finished goods $ 34,300 $ 42,200 Required: $ 32,000 $ 4,528 $ 58,700 $ 88,200 $ 4,868 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 overspplied overhead is closed to Cost of Goods Sold. Complete this 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 Beginning work in process inventory Direct materials: Beginning raw materials inventory Add: Purchases of raw materials S 11,900 32,000 Total raw materials available 43,900 Less: Ending raw materials inventory 19,900 Raw materials used in production 24,000 Less: Indirect materials used in production 4,520 Direct materials used in production S 19,480 Manufacturing overhead 88,200 Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured S 54,600 107,680 182,280 65,700 S 96,580
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