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

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

Purchases of raw materials $ 30,000 Indirect materials included in manufacturing overhead $ 4,520 Direct labor $ 59,900 Manufacturing overhead applied to work in process $ 87,800 Underapplied overhead $ 4,100

Inventories Beginning Ending Raw materials $ 11,100 $ 18,200 Work in process $ 55,600 $ 66,700 Finished goods $ 33,500 $ 43,800

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.

Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured …… .. …….. Required 1…………. Required 2 > Required 1 Required 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 Schedule of Cost of Goods Sold