Question: please complete part 1 and part 2 Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] Primare Corporation has
Exercise 3-3 (Algo) 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 $ 31,000 Indirect materials used in production $ 4,680 $ 58,100 Manufacturing overhead applied to work in process $ 87,900 Underapplied overhead $ 4,130 Direct labor Inventories Beginning Ending Raw materials $ 10,300 $ 19,000 'Work in process $ 55,900 $ 66,000 Finished goods $ 34,500 $ 42,100 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 manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
