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.