Primare Corporation | ||
Schedule of Cost of Goods Manufactured | ||
Direct Materials | ||
Beginning raw materials inventory | $ 10,200 | |
Add: Purchase of raw amterials | $ 30,000 | |
Total raw materials available | $ 40,200 | |
Less: Ending raw materials inventory | $ 18,500 | |
Raw materials used in production | $ 21,700 | |
Less: Indirect materials included in manufacturing overhead | $ 4,930 | $ 16,770 |
Direct labor | $ 59,400 | |
Manufacturing overhead applied to work in process | $ 88,300 | |
Total manufacturing costs | $ 164,470 | |
Add: Beginning work in process inventory | $ 54,900 | |
$ 219,370 | ||
Less: Ending work in process inventory | $ 68,900 | |
Cost of goods manufactured | $ 150,470 |
Primare Corporation | |
Schedule of Cost of Goods Sold | |
Beginning finished goods inventory | $ 34,900 |
Add: Cost of goods manufactured | $ 150,470 |
Cost of goods available for sale | $ 185,370 |
Less: Ending finished goods inventory | $ 42,700 |
Unadjusted cost of goods sold | $ 142,670 |
Add: Underapplied overhead | $ 4,040 |
Adjusted cost of goods sold | $ 146,710 |
Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: $ Beginning raw materials inventory Add:...
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 $ 4,710 $59,400 $88,800 $ 4,010 Inventories Raw materials Work in process Finished goods Beginning Ending $ 11,500 $ 19,700 $ 54,700 $ 66,600 $ 34,300 $ 42,400 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of...
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 Under applied overhead $30,000 $ 4,800 $59,500 $88, 400 $ 4.050 Inventories Raw materials Vork in process Finished goods Beginning $ 10.200 $ 54,200 $ 33,800 Ending $ 19.700 $ 66.800 $43.600 Required: 1. Prepare...
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 $87,400 $ 4,110 Inventories Raw materials Work in process Finished goods Beginning $ 10, 200 $ 55,700 $ 34,700 Ending $ 19,500 $ 69,000 $ 42,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule...
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 Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,770 $58,400 $87,000 $ 4,080 Inventories Raw materials Work in process Finished goods Beginning $ 10,600 $ 54,700 $ 33,200 Ending $ 18,800 $ 65,300 $ 43,300 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost...
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 $32,000 $ 4,660 $58, 100 $87,900 $ 4,020 Inventories Raw materials Work in process Finished goods Beginning $ 11,600 $ 54,200 $ 34,000 Ending $ 18,700 $ 65,900 $ 43,200 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule...
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 $32,000 $ 4,850 $59,900 $88,700 $ 4,030 Inventories Raw materials Work in process Finished goods Beginning $ 11,900 $ 55,400 $ 34,600 Ending $ 19,400 $ 65,500 $ 44,000 Required: 1. Prepare a schedule of cost of goods manufactured for the month 2. Prepare a schedule of...
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 $32,000 $ 4,860 $58,900 $88,000 $ 4,100 Inventories Raw materials Work in process Finished goods Beginning $ 10,200 $ 54,000 $ 33,200 $ 33,200 Ending $ 18,300 $ 65,400 $ 43,700 Required: 1....
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. $ 31,000 $ 4,620 $ 58,300 $ 87, 300 $ 4,130 Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Beginning $ 10,300 $ 55,000 $ 34,600 Inventories Raw materials Work in process Finished goods Ending $ 19,500 $ 68,900 $ 43,100...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,680 Direct labor $ 59,900 Manufacturing overhead applied to work in process $ 88,800 Underapplied overhead $ 4,030 Inventories Beginning Ending Raw materials $ 10,800 $ 19,200 Work in process $ 55,200 $ 65,400 Finished goods $ 34,000 $ 43,100 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a...