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19 Exercise 3-3 (Static) Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3) 0.76 points 4:38 Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materials $ 30,000 Indirect materials used in production $5,000 Direct labor $ 58.000 Manufacturing overhead applied to work in process $ 37.000 Underapplied overhead 5 4.000 Inventories Beginning Ending Raw materials $ 12,000 $ 18,000 Work in process $ 56,000 $ 65,000 Finished goods $ 35,000 $ 42,000 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 Book Hint Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in proceto inventory Direct materials Beginning raw materials inventory $ 12.000 Add: Purchases of raw materials 30,000 Total raw materials valable 42.000 Less Ending raw materials inventory $8,000 Raw materials used in production 24,000 Less: Indirect materials used in production 5.000 Direct materials used in production Direct labor Manufacturing overhead Ending raw materials inventory Total manufacturing costs added to production Total manufacturing costs to account for Less Ending work in process inventory Cost of goods manufactured $ 19.000 58.000 77.000 77.000 Required 2 >

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