Primare Corporation provided the following data for last month s manufacturing operations. Purchases of raw materials $
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Question:
Primare Corporation provided the following data for last months 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 $ $
Work in process $ $
Finished goods $ $
Required:
Prepare a schedule of cost of goods manufactured.
Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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