Primare Corporation provided the following data for last months manufacturing operations. Purchases...
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Accounting
Primare Corporation provided the following data for last months manufacturing operations. Purchases of raw materials $ Indirect materials used in production $ Direct labor $ Manufacturing overhead applied to work in process $ Underapplied overhead $ Inventories Beginning Ending Raw materials $ $ Work in process $ $ Finished goods $ $ Required: Prepare a schedule of cost of goods manufactured. Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Primare Corporation provided the following data for last months manufacturing operations.
Purchases of raw materials $
Indirect materials used in production $
Direct labor $
Manufacturing overhead applied to work in process $
Underapplied overhead $
Inventories Beginning Ending
Raw materials $ $
Work in process $ $
Finished goods $ $
Required:
Prepare a schedule of cost of goods manufactured.
Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
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