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Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3) Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materiala $ 31,000 Indirect materials used in production $ 4,630 Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 58,400 $ 87,100 $ 4,070 Inventories Raw materials Work in process Tinished goods Beginning $ 10,200 $ 54,500 $ 34,900 Ending $ 18,600 $ 68,800 $ 42,600 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. 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: Total raw materials available Raw materials used in production Direct materials used in production $ 0 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured Complete this 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 Goods Sold. Primare Corporation Schedule of Cost of Goods Sold Required 1 Required 2

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