10 points eEook HMt Print References Exercise 3-3 (Static) 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 used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Beginning Ending Raw materials $ 12,696 $ 18,909 Work in process $ 56,690 $ 65,906 Finished goods $ 35,690 $ 42,909 Required: 1. Prepare a schedule of cost of goods manufactured for the month. $ 39,999 $ 5,999 $ 58,999 $ 87,669 $ 4,999 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 question by entering your answers in the tabs below. 10 points eBook Hint Print References l l Prepare a schedule of cost of goods manufactured for the month. Direct materials: _ Total raw materials available - Raw materials used In production = Direct materials used in production = Total manufacturing costs added to production Total manufacturing costs to account for 10 points eEook Hint Print References Required 1 Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. 10 points eEook Hint Print References """r"""" u..- .1 ________ Required 1 Required 2 Required 3 Check my work A ( Required 2 Check my wo 9 r. The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: 10 Indirect materials $ 16,900 points Indirect labor 149, 000 Property taxes, factory 9,900 Utilities, factory 89, 000 eBook Depreciation, factory 316, 900 Insurance, factory 11, 900 Hint Total actual manufacturing overhead costs incurred $ 593, 600 Other costs incurred: Print Purchases of raw materials (both direct and indirect) $ 419, 000 Direct labor cost $ 79, 000 References Inventories : Raw materials, beginning $ 21, 900 Raw materials, ending $ 31, 900 Work in process, beginning $ 41, 900 Work in process, ending $ 71,900 The company uses a predetermined overhead rate of $28 per machine-hour to apply overhead cost to jobs. A total of 21,600 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year.10 points eEook Hint Print References Raw materials, ending Work in process, beginning Work in process, ending $3 $4 $7 1,996 1,996 1,990 A The company uses a predetermined overhead rate of $28 per machinehour to apply overhead cost tojobs. A total of 21,600 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. ::| Required 2 > 9 10 points eEook Hint Print References Direct materials: _ Total raw materials available _ Raw materials used in production - Direct materials used in production _ Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Check my work 10 Exercise 3-7 (Static) Applying Overhead; Cost of Goods Manufactured [LO3-3, LO3-4] 10 The following cost data relate to the manufacturing activities of Chang Company during the just completed year: points Manufacturing overhead costs incurred: Indirect materials $ 15, 000 130, 000 eBook Indirect labor Property taxes, factory 8, 000 Hint Utilities, factory 70 , 000 Depreciation, factory 240, 000 Print Insurance, factory 10, 000 Total actual manufacturing overhead costs incurred $ 473, 000 References Other costs incurred: Purchases of raw materials (both direct and indirect) $ 400, 000 Direct labor cost $ 60, 000 Inventories : Raw materials, beginning $ 20, 000 Raw materials, ending $ 30, 000 Work in process, beginning $ 40, 000 Work in process, ending $ 70, 000 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 19,400 machine-hours were used during the year. Required:Check my work 10 19,TVV IllaCHIIlle-TIVUIs VELE useu uuillly we yeaI. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. 10 points Complete this question by entering your answers in the tabs below. eBook Required 1 Hint Required 2 Print Compute the amount of underapplied or overapplied overhead cost for the year. References overhead cost 1O 10 points eBook Hint Print References :i __________________________ : Prepare a schedule of cost of goods manufactured for the year. Direct materials: _ Total raw materials available _ Raw materials used In production = Direct materials used in production = Total manufacturing costs added to production Total manufacturing costs to account for