Business, 20.09.2020 16:01 mobslayer88
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,870 Direct labor $ 58,000 Manufacturing overhead applied to work in process $ 87,900 Underapplied overhead $ 4,170 Inventories Beginning Ending Raw materials $ 10,100 $ 19,900 Work in process $ 55,800 $ 68,200 Finished goods $ 34,600 $ 42,300 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.
Answers: 2
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Primare Corporation has provided the following data concerning last month’s manufacturing operations...
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