Question: This homework question is due tonight and I don't understand how to even start, please help me before 11:59pm tonight and show how you do

This homework question is due tonight and I don't understand how to even start, please help me before 11:59pm tonight and show how you do it, please and thank you so much!!!

Primare Corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials $ 30,000
Indirect materials used in production $ 4,780
Direct labor $ 58,400
Manufacturing overhead applied to work in process $ 87,200
Underapplied overhead $ 4,110

Inventories Beginning Ending
Raw materials $ 11,200 $ 18,700
Work in process $ 54,500 $ 67,300
Finished goods $ 34,800 $ 42,200

1) 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.

Prepare a schedule of cost of goods manufactured for the month.

Primare Corporation
Schedule of Cost of Goods Manufactured
Direct materials:
Total raw materials available
Raw materials used in production
Direct materials used in production $0
Total manufacturing costs added to production 0
Total manufacturing costs to account for 0
Cost of goods manufactured

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.

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