Primare Corporation has provided the following data concerning last month\'s man

Question

Primare Corporation has provided the following data concerning last month's manufacturing operations $ 31,000 $ 4,810 $ 58,100 $ 88,900 $ 4,070 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 good Beginning Ending $10,100 $ 19,300 $54,300 $ 67,500 $ 33,200 43,700 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 closed to Cost of Goods Sold Complete the question by entering your answers in the tabs below Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month Primare Corporation Schedule of Cost of Goods Manufactured Direct materials Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Required 1 Required 2>

Explanation / Answer

1.

2.

Primare Corporation Schedule of cost of goods manufactured Direct Meterial Beginning raw meterial inventory $ 10,100 Add: Purchase of raw meterial $ 31,000 Raw meterials available for production $ 41,100 Less: Ending raw meterial inventory $ 19,300 Raw material used in production $ 21,800 Less: Indirect material included in manufacturing overhead $    4,810        16,990 Direct labour $    58,100 Manufacturing overhead applied to work in process inventory $    88,900 Total Manufactoring Cost $ 163,990 Add:Beginning work in progress inventory $    54,300 Less: Ending work in progress inventory $    67,500 Cost of goods manufactured $ 150,790

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.