Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $32,000 $ 4,870 $58,700 $88,200 $ 4,130 Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Beginning $ 11,600 $ 54,300 $ 33,100 Ending $ 18,400 $ 66,400 $ 42,600 Raw materials Work in process Finished goods 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.

Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $32,000 $ 4,870 $58,700 $88,200 $ 4,130 Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Beginning $ 11,600 $ 54,300 $ 33,100 Ending $ 18,400 $ 66,400 $ 42,600 Raw materials Work in process Finished goods 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.

Name: Primare Corporation has provided the following data concerning last m
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Description: Primare Corporation has provided the following data concerning last month's manufacturing operations.Purchases of raw materials$32,000$ 4,870$58,700$88,200$ 4,130Indirect materials included in manufacturing overheadDirect laborManufacturing overhead

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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