Primare Corporation has provided the following data concerning last month's manufacturing operations.Purchases of raw materials.Indirect materials used in productionDirect laborManufacturing overhead applied to work in processUnderapplied overheadInventoriesRaw materialsWork in processFinished goodsBeginningEnding$ 11,100$ 18,300$ 55,700$ 68,200$ 33,000 $ 42,900Required: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 ofGoods Sold.Required 1 Required 2Complete this question by entering your answers in the tabs below.Prepare a schedule of cost of goods manufactured for the month.Primare CorporationSchedule of Cost of Goods Manufactured$ 32,000$ 4,830Direct materials:Beginning raw materials inventoryAdd: Purchases of raw materialsTotal raw materials availableLess: Ending raw materials inventory$ 58,600$ 88,400$ 4,010$11,10032,00043,100(18.300) Complete this question by entering your answers in the tabs below.Required 1Required 2Prepare a schedule of cost of goods manufactured for the month.Primare CorporationSchedule of Cost of Goods ManufacturedDirect materials:Beginning raw materials inventoryAdd: Purchases of raw materialsTotal raw materials availableLess: Ending raw materials inventoryRaw materials used in productionLess: Indirect materials used in productionDirect materials used in productionDirect laborManufacturing overheadTotal manufacturing costs added to productionTotal manufacturing costs to account forLess: Ending work in process inventoryCost of goods manufactured< Required 1$11,10032,00043,100(18,300)24,8004,830$ 19,97058,60088,400166,970Required 2 >333,940333,94068,200

Name: Primare Corporation has provided the following data concerning last m
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Description: Primare Corporation has provided the following data concerning last month's manufacturing operations.Purchases of raw materials.Indirect materials used in productionDirect laborManufacturing overhead applied to work in processUnderapplied overheadIn

Business

Accounting

Primare Corporation has provided the following data concerning last month's manufacturing operations. $ 32,000 $ 4,830 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 Beginning Ending $ 18,300 $ 11,100 $ 55,700 $ 68,200 $ 33,000 $ 42,900 $ 58,600 $ 88,400 $ 4,010 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.

Primare Corporation has provided the following data concerning last month's manufacturing operations. $ 32,000 $ 4,830 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 Beginning Ending $ 18,300 $ 11,100 $ 55,700 $ 68,200 $ 33,000 $ 42,900 $ 58,600 $ 88,400 $ 4,010 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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