FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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3 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Hanufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process. Finished goods Required 11 Required 2 Complete this question by entering your answers in the tabs below. Beginning. $ 10,800 $ 55,200 $ 34,700 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 close Goods Sold. Direct materials Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured i Total raw materials available Raw materials used in production Ending $ 18,500 $ 65,800 $ 43,100 Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured $ 31,000 $ 4,630 $ 59,800 $ 87,300 $ 4,150
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Transcribed Image Text:3 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Hanufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process. Finished goods Required 11 Required 2 Complete this question by entering your answers in the tabs below. Beginning. $ 10,800 $ 55,200 $ 34,700 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 close Goods Sold. Direct materials Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured i Total raw materials available Raw materials used in production Ending $ 18,500 $ 65,800 $ 43,100 Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured $ 31,000 $ 4,630 $ 59,800 $ 87,300 $ 4,150
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