Prepare a schedule of cost of goods sold for the month

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

Purchases of raw materials $ 31,000

Indirect materials included in manufacturing overhead $ 4,610

Direct labor $ 58,600

Manufacturing overhead applied to work in process $ 87,100

Underapplied overhead $ 4,060

Inventories

Beginning

Ending

Raw materials

$11,100

$19,900

Work in process

$55,400

$68,500

Finished goods

$33,800

$43,000

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.

Reference no: EM132054378

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