Primare Corporation has provided the following data concerning last months manufacturing operations.
Purchases of raw materials $
Indirect materials used in production $
Direct labor $
Manufacturing overhead applied to work in process $
Underapplied overhead $
Inventories Beginning Ending
Raw materials $ $
Work in process $ $
Finished goods $ $
Required:
Prepare a schedule of cost of goods manufactured for the month.
Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
