Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw m

[answerhappygod]

Primare Corporation has provided the following data concerning
last month’s manufacturing operations. Purchases of raw materials $
30,000 Indirect materials used in production $ 5,000 Direct labor $
58,000 Manufacturing overhead applied to work in process $ 87,000
Underapplied overhead $ 4,000 Inventories Beginning Ending Raw
materials $ 12,000 $ 18,000 Work in process $ 56,000 $ 65,000
Finished goods $ 35,000 $ 42,000
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 is closed to Cost
of Goods Sold.