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Purchases of raw materials $ 31,000 Indirect materials used in production $ 4,950 Direct labor $ 59,700 Manufacturing overhead applied to work in process $ 87,100 Underapplied overhead $ 4,130 Inventories Beginning Ending Raw materials $ 10,600 $ 18,100 Work in process $ 55,400 $ 68,900 Finished goods $ 33,800 $ 43,800 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.

Purchases of raw materials	$ 31,000
Indirect materials used in production	$ 4,950
Direct labor	$ 59,700
Manufacturing overhead applied to work in process	$ 87,100
Underapplied overhead	$ 4,130

Inventories	Beginning	Ending
Raw materials	$ 10,600	$ 18,100
Work in process	$ 55,400	$ 68,900
Finished goods	$ 33,800	$ 43,800

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.

Primare Corporation Schedule of Cost of Goods Manufactured Beginning work in process inventoryselected answer correct not attempted Direct materials: Beginning raw materials inventoryselected answer correct $10,600selected answer correct Add: Purchases of raw materialsselected answer correct 31,000selected answer correct Total raw materials available 41,600selected answer correct not attempted 18,100selected answer correct Raw materials used in production 23,500selected answer correct not attempted 4,950selected answer correct Direct materials used in production $18,550 Direct laborselected answer correct not attempted 59,700selected answer correct Manufacturing overheadselected answer correct not attempted 87,100selected answer correct not attempted not attempted not attempted Total manufacturing costs added to production 165,350 Total manufacturing costs to account for 165,350 Less: Ending work in process inventoryselected answer correct 68,900selected answer correct Cost of goods manufactured $261,800selected answer incorrect

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