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 Raw materials Work in process Finished goods Required 1 Beginning $11,900 $ 54,100 $ 34,900 Required: 1 Prepare a schedule of cost of goods manufactured 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 2 Prepare a schedule of cost of goods manufactured. Direct materials Total raw materials available Inding $ 19,500 $ 67,000 $43,200 Pamare Corporation Schedule of Cost of Goods Manufactured Raw maturas used in production Direct materials used in production $ 30,000 $4,930 $ 60,000 $ 87,500 $ 4,130
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 Raw materials Work in process Finished goods Required 1 Beginning $11,900 $ 54,100 $ 34,900 Required: 1 Prepare a schedule of cost of goods manufactured 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 2 Prepare a schedule of cost of goods manufactured. Direct materials Total raw materials available Inding $ 19,500 $ 67,000 $43,200 Pamare Corporation Schedule of Cost of Goods Manufactured Raw maturas used in production Direct materials used in production $ 30,000 $4,930 $ 60,000 $ 87,500 $ 4,130
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...
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