Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials included in manufacturing overhead $ 4,590 Direct labor $ 58,900 Manufacturing overhead applied to work in process $ 88,100 Underapplied overhead $ 4,030 Inventories Beginning Ending Raw materials $ 11,100 $ 19,800 Work in process $ 54,300 $ 68,400 Finished goods $ 34,300 $ 42,700 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.
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Home » Business » Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials included in manufacturing overhead $ 4,590 Direct labor $ 58,900 Manufacturing overhead