Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process Finished goods Beginning $10,100 $55,000 $33,900 Ending $ 18,800 $ 68,200 $ 42,600 Required: 1. Prepare a schedule of cost of goods manufactured for the month. $ 31,000 $ 4,760 $ 59,900 $ 87,800 $ 4,150

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 8P: Premier Products Inc. has three departments and uses the process cost system of accounting. A...
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Primare Corporation has provided the following data concerning last month's manufacturing operations.
Purchases of raw materials
Indirect materials included in manufacturing overhead
Direct labor
Manufacturing overhead applied to work in process
Underapplied overhead
Inventories
Raw materials
Work in process
Finished goods
Beginning
$10,100
$55,000
$33,900
Ending
$ 18,800
$ 68,200
$ 42,600
Required:
1. Prepare a schedule of cost of goods manufactured for the month.
$ 31,000
$ 4,760
$ 59,900
$ 87,800
$ 4,150
Transcribed Image Text:Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process Finished goods Beginning $10,100 $55,000 $33,900 Ending $ 18,800 $ 68,200 $ 42,600 Required: 1. Prepare a schedule of cost of goods manufactured for the month. $ 31,000 $ 4,760 $ 59,900 $ 87,800 $ 4,150
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