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rimare Corporation has provided the following data concerning last months manufacturing operations.

Purchases of raw materials	$	31,000
Indirect materials included in manufacturing overhead	$	4,820
Direct labor	$	58,500
Manufacturing overhead applied to work in process	$	88,900
Underapplied overhead	$	4,060

Inventories	Beginning		Ending
Raw materials	$	12,000	$	18,500
Work in process	$	55,400	$	65,300
Finished goods	$	34,900	$	42,100

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.

Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,820 $58,500 $88,900 $ 4,060 Inventories Raw materials Work in process Finished goods Beginning $ 12,000 $ 55,400 $ 34,900 Ending $ 18,500 $ 65,300 $ 42,100 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. Complete the 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 Direct materials: Beginning raw materials inventory $ Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production 12,000 31,000 42,100 18,500 $ 0 Total manufacturing costs 0 Cost of goods manufactured Complete the question by entering your answers in the tabs below. 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 Required 1 Required 2

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