Primare Corporation has provided the following data concerning last month's manufacturing operations. I Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process. Underapplied overhead Inventories Beginning Raw materials $ 10,600 Work in process $ 55,700 Finished goods $ 33,800 Ending $ 19,900 $ 68,300 $ 42,900 $ 32,000 $ 4,630 $ 59,300 $ 87,800 $ 4,080 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.

Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.

Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing …

Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In compari…