Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect...

Transcribed Image Text:

Primare Corporation provided the following data for 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 Raw materials Work in process Finished goods Required: Beginning Ending $ 10,400 $ 19,300 $ 55,800 $ 68,500 $ 33,500 $ 42,300 1. Prepare a schedule of cost of goods manufactured. $ 30,000 $ 4,980 $ 59,700 $ 88,500 $ 4,160 2. Prepare a schedule of cost of goods sold. 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. Primare Corporation Schedule of Cost of Goods Manufactured 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 $ 0 Required 1 Required 2 > 0 0 Required 1 Required 2 Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Primare Corporation Schedule of Cost of Goods Sold < Required 1 Required 2 > Primare Corporation provided the following data for 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 Raw materials Work in process Finished goods Required: Beginning Ending $ 10,400 $ 19,300 $ 55,800 $ 68,500 $ 33,500 $ 42,300 1. Prepare a schedule of cost of goods manufactured. $ 30,000 $ 4,980 $ 59,700 $ 88,500 $ 4,160 2. Prepare a schedule of cost of goods sold. 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. Primare Corporation Schedule of Cost of Goods Manufactured 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 $ 0 Required 1 Required 2 > 0 0 Required 1 Required 2 Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Primare Corporation Schedule of Cost of Goods Sold < Required 1 Required 2 >

Answer rating: 100% (QA)

Here are the answers to the required questions Required 1 Prepare a schedule of cost of goods manufa... View the full answer