Primare Corporation has provided the following data concerning last month’s manufacturing operations.
|Purchases of raw materials||$||32,000|
|Indirect materials used in production||$||4,550|
|Manufacturing overhead applied to work in process||$||88,900|
|Work in process||$||54,100||$||68,100|
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.
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