Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saved Primare Corporation has provided the following data concerning last month's manufacturing operations, Purchases of raw materials Indirect materials used in production Direct Labor Mansacturing

image text in transcribed
image text in transcribed
image text in transcribed
Saved Primare Corporation has provided the following data concerning last month's manufacturing operations, Purchases of raw materials Indirect materials used in production Direct Labor Mansacturing overhead applied to work in process Undezapplied overhead $32,000 3 1,860 $59.500 $89, 100 $1,060 Inventories Raw materials Work in process Tansshed goods Beginning 510,700 $54,200 $33.400 Ending $ 10,500 $ 66,100 43,200 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 is cosed 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 Primane Corporation Schedule of Cost of Goods Manufactured Duct matenals Total raw materials available Raw materials used in production Direct materials used in production 5 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of Soods manufactured for the month Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Direct materials used in production Total manufacturing costs added to production Total manufactunng costs to account for 0 0 Cost of goods manufactured Required 2 > 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 $32,000 $4,860 $39,500 588,400 $ 1,060 Inventories Ramaterials Work in process Finished goods Beginning $10,700 54.200 $33,100 Ending $13,500 $ 66,100 43,200 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 is closed to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead in closed to cost of Goods Sold Pilmare Corporation Schedule of Cont of Goods Sold

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions