Please do not give solution in image format thanku Primare Corporation has provided the following data concerning last month's manufacturing operations.Purchases of raw materialsIndirect materials included in manufacturing overheadDirect laborManufacturing overhead applied to work in processUnderapplied overheadInventoriesRaw materialsWork in processFinished goodsBeginning$ 10,700$ 55,400Ending$ 19,000$ 65,600$ 35,000 $ 43,600Required: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 closedGoods Sold.Direct materials:Complete the question by entering your answers in the tabs below.Required 1 Required 2Prepare a schedule of cost of goods manufactured for the month.$ 31,000$ 4,990$ 58,800$ 87,300$ 4,150Primare CorporationSchedule of Cost of Goods Manufactured Required 1 Required 2Prepare a schedule of cost of goods manufactured for the month.Direct materials:Total raw materials availableRaw materials used in productionTotal manufacturing costsPrimare CorporationSchedule of Cost of Goods ManufacturedCost of goods manufacturedRequired 1Required 2Complete the question by entering your answers in the tabs below.< Required 1Primare CorporationSchedule of Cost of Goods SoldRequired 2 >Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost ofGoods Sold.< Required 1Required 2 >

Cost of goods manufactured Cost of goods manufactured is abbreviated as COGM which means the cost of…

Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process Finished goods Beginning Ending $ 10,700 $ 19,000 $ 55,400 $ 65,600 $ 35,000 $ 43,600 $ 31,000 $ 4,990 $ 58,800 $ 87,300 $ 4,150 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 clos Goods Sold.

Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process Finished goods Beginning Ending $ 10,700 $ 19,000 $ 55,400 $ 65,600 $ 35,000 $ 43,600 $ 31,000 $ 4,990 $ 58,800 $ 87,300 $ 4,150 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 clos Goods Sold.

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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