Question
This homework question is due tonight and I don't understand how to even start, please help me before 11:59pm tonight and show how you do
This homework question is due tonight and I don't understand how to even start, please help me before 11:59pm tonight and show how you do it, please and thank you so much!!!
Primare Corporation has provided the following data concerning last months manufacturing operations.
Purchases of raw materials | $ 30,000 |
---|---|
Indirect materials used in production | $ 4,780 |
Direct labor | $ 58,400 |
Manufacturing overhead applied to work in process | $ 87,200 |
Underapplied overhead | $ 4,110 |
Inventories | Beginning | Ending |
---|---|---|
Raw materials | $ 11,200 | $ 18,700 |
Work in process | $ 54,500 | $ 67,300 |
Finished goods | $ 34,800 | $ 42,200 |
1) 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.
Prepare a schedule of cost of goods manufactured for the month.
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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.
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