-ces 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 Inventories Raw materials Work in process Finished goods Required 1 Required 2 Beginning $ 11,700 $ 54,800 $ 33,000 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 Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Ending $ 19,100 $ 70,000 $ 42,100 Direct materials: Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Total raw materials available $ 31,000 $ 4,550 $ 58,000 $ 88,200 $ 4,140
-ces 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 Inventories Raw materials Work in process Finished goods Required 1 Required 2 Beginning $ 11,700 $ 54,800 $ 33,000 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 Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Ending $ 19,100 $ 70,000 $ 42,100 Direct materials: Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Total raw materials available $ 31,000 $ 4,550 $ 58,000 $ 88,200 $ 4,140
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Inventories
Raw materials
Work in process
Finished goods
Required 1 Required 2
Beginning
$ 11,700
$ 54,800
$ 33,000
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 Cost of
Goods Sold.
Complete this question by entering your answers in the tabs below.
Ending
$ 19,100
$ 70,000
$ 42,100
Direct materials:
Prepare a schedule of cost of goods manufactured for the month.
Primare Corporation
Schedule of Cost of Goods Manufactured
Total raw materials available.
$ 31,000
$ 4,550
$ 58,000
$ 88,200
$ 4,140
Transcribed Image Text: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 sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of
Goods Sold.
Primare Corporation
Schedule of Cost of Goods Sold
< Required 1
Required 2 >
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