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question 1&2 Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materials $ 31,000 Indirect materials used in production
question 1&2
Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,960 Direct labor $ 58,700 Manufacturing overhead applied to work in process $ 87,600 Under applied overhead 54,00 Inventories Beginning Ending Work in process $ 54,600 $ 68, 200 Raw materials $ 10,300 $ 18,500 Finished goods $ 33,500 $ 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 overapplied 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 Cont of Goods Manufactured Beginning work in process inventory Direct materials Beginning raw materials inventory $ 10.300 Add Purchases of raw materials 31.000 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 $ 0 Step by Step Solution
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