Reference no: EM132533909

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

Purchases of raw materials  $32,000

Indirect materials included in manufacturing overhead$4,930

Direct labor$58,300

Manufacturing overhead applied to work in process$88,400

Underapplied overhead$4,100

Inventories        Beginning        Ending

Raw materials          $11,800      $18,400

Work in process     $55,200         $66,900

Finished goods       $33,600         $43,800

Required:

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

Question 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.