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.
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1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule...
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. Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,000 $ 4,850 $58, 200 $88,700 $ 4,180 Inventories Raw...
Chapter 3 Homework Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3) Primare Corporation has provided the following data concerning last month's manufacturing operations. points eBook Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,000 $ 4,600 $58,700 $98,500 $ 4,100 Hint Reference Inventories beginning Ending Raw materials $10,300 $18,500 Work in $55,100 $65,400 process Finished $34,700 $43,000 goods Required: 1. Prepare...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3] 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 $31,000 $ 4,750 $59,100 $87,300 $ 4,170 Inventories Raw materials Work in process Finished goods Beginning $ 11,300 $ 55,200 $ 33,800 Ending $ 18,200 $ 68,000 $ 43,700 Required: 1. Prepare a...
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. ook Ceny WUI $30,000 Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $58,700 $87,700 $ 4,040 ook Inventories Raw materials Work in process Finished goods Beginning $ 11,900 $...
Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Primare Corporation Schedule of Cost of Goods Sold 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 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] 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 $ 31,000 $ 4,970 $ 58,300 $ 87,100 $ 4,150 Inventories Raw materials Work in process Finished goods Beginning $ 11,100 $ 54,200 $ 33,400 Ending $ 18,100 $ 69,500 $ 43,700 Required:...
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...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3] 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 $ 5,000 $ 58,000 $ 87,000 $ 4,000 Inventories Raw materials Work in process Finished goods Beginning Ending $ 12,000 $18,000 $ 56,000 $ 65,000 $ 35,000 $ 42,000 ods Required:...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3] Primare Corporation has provided the following data concerning last month's manufacturing operations. points Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,790 $58,400 $88,200 $ 4,040 eBook Print Inventories Raw materials Work in process Finished goods Beginning $ 10,980 $ 54,200 $ 34,500 Ending $ 18,400 $ 66,100 $ 42,000 References...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,960 Direct labor $ 58,700 Manufacturing overhead applied to work in process $ 87,900 Underapplied overhead $ 4,170 Inventories Beginning Ending Raw materials $ 11,400 $ 19,900 Work in process $ 55,500 $ 67,300 Finished goods $ 33,700 $ 42,200 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...