Question: Please answer the full question completely. Primare Corporation has provided the following data concerning last month's manufacturing operations. Primare Corporation has provided the following data

Please answer the full question completely. Primare Corporation has provided the following data concerning last month's manufacturing operations.

Please answer the full question completely. Primare Corporation has provided the following

data concerning last month's manufacturing operations. Primare Corporation has provided the followingdata concerning last month's manufacturing operations. Purchases of raw materials Indirect materials

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 $ 4,550 $ 59,400 $ 88,100 $ 4,140 Inventories Raw materials Work in process Finished goods Beginning $ 11,000 $ 54,400 $ 33,300 Ending $ 19, 200 $ 68,900 $ 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. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured $ 11,000 Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available 32,000 19,200 Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials used in production Direct materials used in production 4,550 $ (4,550) Direct labor Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured (4,550) (4,550) 68,000 152,160 $ 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 question by entering your answers in the tabs below. Required 1 Required 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 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

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