Question

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 $ 30,000 $ 4,910 $ 59,400 $ 88,900 $ 4,060 Inventories Raw materials Work in process Finished goods Beginning Ending $ 10,300 $ 18,600 $ 54,100 $ 66,900 $ 34,600 $ 42,100 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:

Answer 1

Aust Peccimare Corporation Schedule of Cost of Goods Manufactured Direct materials: Beginning crew malerials inventory $10,300 Inddu Purchases of new materials | $30,000 Total saw materials available / $ 40,300 flexsle Ending raw materials inventore $ 18,600 Raw materials used in Broduction $21,700 $ 4.910 1$ 16,790 Hessis Andirect materials included in - manufacturing overleed Direct labor $ 59,400 $88.900 $ 165,0go I Manufacturing Overhead applied to work in process Total many fretenang casts Add + Beginning w IP Inventory loss Ending wil inventory Cost of Goods manufactured $54,100 $219,190 $66,900 I $152,290

: Peimance Corporation A Schedule of last of Goods sold Beginning finished goods inventory $34,600 Addy Cost of Goods manufactured $152,290 A Cost of Goods available for Sale $186, 890 The Ending finished goods inventory Unadjusted cost of Goods sold . $144,790 Addo Under applied overhead -Adjusted Cost of Croods sold $49, 100 $ 4060 | $ 148,850
If you have any query ask in comment section. If you like the answer plz rate. Thanks