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Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 31,000 $ 4,660 $
Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 31,000 $ 4,660 $ 58,600 $ 89,900 $ 4,160 Inventories Raw materials Work in process Finished goods Beginning $ 10,200 $ 54,700 $ 33,400 Ending $ 19,700 $ 66,300 $ 43,800 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 overapplie 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 54,700 $ Direct 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 Direct labor Manufacturing overhead 10.200 31,000 41,200 19,700 21,500 4,660 $ 16,840 58,600 88,900 Total manufacturing costs added to production Total manufacturing costs to account for Loss Ending work in process inventory Cost of goods manufactured 164.340 219,040 66,300 Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 31,000 $ 4,660 $ 58,600 $ 88,900 $ 4,160 Inventories Raw materials Work in process Finished goods Beginning $ 10,200 $ 54,700 $ 33,400 Ending $ 19, 700 $ 66,300 $ 43,800 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 Goods Sold. Overa Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied o Goods Sold. 33,400 Primare Corporation Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold
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