Question 1 - prepare a schedule of cost goods manufactured for the month

Question 2 - prepare a schedule of toss goods sold for the month assume that under applied or over applied overhead is closed to cost of goods sold

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 $ 5,000 $ 58,000 $ 87,000 $ 4,000 Inventories Raw materials Work in process Finished goods Beginning $ 12,000 $ 56,800 $ 35, eee Ending $ 18,000 $ 65,000 $ 42,000 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 is a Goods Sold. Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Total raw materials alable Raw materials used in production $ 0 Direct materials used in production 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 $ 155,000 Cost of goods manufactured 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 $ 5,eee $ 58,000 $ 87,000 $ 4,000 Inventories Raw materials Work in process Finished goods Beginning $ 12,000 $ 56,080 $ 35,000 Ending $ 18,000 $ 65,000 $ 42,000 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 is closed to Goods Sold. Complete this question by entering your answers in the tabs below