How to make a schedule of cost of goods sold for the month

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Reference no: EM132579562

Primare Corporation has provided the following data concerning last month's manufacturing operations.

Purchases of raw materials                                        $31,000

Indirect materials included in manufacturing overhead       $4,530

Direct labor                                                               $58,800

Manufacturing overhead applied to work in process             $88,900

Underapplied overhead                                                    $4,140

Inventories                               Beginning                       Ending

Raw materials                         $11,000                        $18,200

Work in process                       $54,200                      $66,800

Finished goods                             $33,000                     $43,000

Required:

Question 1 schedule of cost of goods manufactured for the month.

Question 2 schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.

Reference no: EM132579562

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