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

Answer of Part 1: PRIMARE CORPORATION Schedule of Cost of Goods Manufactured Direct Materials: Beginning Raw Materials Inventory Add: Purchases of Raw Materials Total Raw Materials Available Less: Ending Raw Materials Invnetory Raw Materials used in Production Less: Indirect Materials included in Manufacturing Overhead Direct Labor Manufacturing Overhead Applied to Work in Process Total Manufacturing Costs Add: Beginning Work in Process Inventory 10000 30000 40000 18200 21800 4650 17150 59500 87800 164450 55 700 220150 66200 153950 Less: Ending Work in Process Inventory Cost of Goods Manufactured Answer of Part 2: PRIMARE CORPORATION Schedule of Cost of Goods Sold Beginning Finished Goods Inventory Add: Cost of Goods Manufactured Cost of Goods Available for Sale Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Add: Underapplied Overhead Adjusted Cost ofGoods Sold 33200 153950 187150 43700 143450 4180 147630