Chapter 3 Homework 1 PDF

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Chapter 3 Homework

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Primare Corporation has provided the following data concerning last month’s manufacturing operations.  Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead

20/20 points awarded Scored

$31,000 $ 4,610 $58,000 $88,200 $ 4,190

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Inventories Raw materials Work in process Finished goods

Beginning $ 11,700 $ 54,600 $ 33,400

Ending $ 18,700 $ 68,500 $ 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. Assume the underapplied or overapplied overhead Goods Sold.  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 process inventory

$ 54,600

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Direct materials: Beginning raw materials inventory

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$

11,700

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