Question

Answer required 1 and 2 please.

2 Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3] 25 Primare Corporation has provided the following data concerning last month's manufacturing operations. Skood Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Under applied overhead $31,000 $ 4,620 $58,500 $87,600 $ 4,050 lock P Inventories Raw materials Work in process Finished goods Beginning Endine $10,400 $18,400 $56,000 $66,200 $33,600 $43.500 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 this post by entering your answers in the tabs befow. Regard 2 Prepare a schedule of cost of goods manufactured for the month Primare Corporation Schedule of Good Manufactured

Answer 1

XJ 5 Book1 - Excel ? - X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in F3 X ft A B с D E F G H 1 J 3 4 Solution 5 6 1) Schedule of cost of goods manufactured for the month 7 8 Amount $ Amount $ 9 10 11 12 Particulars Direct materials Beginning raw material inventory Add : Purchase of raw material Total raw materials available Less : Ending raw materials inventory Raw materials used in production Less : Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add : Beginning work in process inventory 10,400 31,000 41,400 18,400 23,000 4620 13 14 15 16 17 18 18380 58500 87600 164480 56000 220480 66200 $154,280 19 20 21 Less : Ending work in process inventory Cost of goods manufactured 22 23 21 Cohedule of cost of condo cold for the month Sheet1 Activate Windows Go to Settings to activate Winglows. READY 120% A O Type here to search & Ox 10:43 AM 9/24/2020

XJ 5 Book1 - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in F23 X ✓ fx | А B с D E F G H 23 24 2) Schedule of cost of goods sold for the month 25 26 27 28 29 Particulars Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less : Ending finished goods inventory Unadjusted cost of goods sold Add : Underapplied overhead Adjusted cost of goods sold Amount $ 33600 154,280 187,880 43,500 144,380 4,050 $148,430 30 31 32 33 34 35 36 37 38 39 40 41 42 Activate Windows Go to Settings to activate Windows. Sheet1 + READY 130% A O Type here to search & E A Ox 10:44 AM 9/24/2020