URGENT: please help directions are there

Primare Corporation has provided the following data concerning last month's manufacturing operations.

      Purchases of raw materials                                                   $ 30,000

      Indirect materials used in production                                     $ 4,790 

      Direct labor                                                                         $ 60,000 

      Manufacturing overhead applied to work in process                 $ 88,000

      Underapplied overhead                                                         $ 4,090

 

Raw materials                $ 10,300$         $ 18,900

Work in process              $ 55,500$        $ 70,000

Finished goods               $ 34,300$         $ 43,800

 

1. Prepare a schedule of çost 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.

 

 

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 Sold

Beginning finished goods inventory	$         34,300
Add: Cost of goods manufactured	94,610
Cost of goods available for sale	128,910
Less: Ending finished goods inventory	43,800
Unadjusted cost of goods sold	85,110
Add: Underapplied overhead	4,090
Adjusted cost of goods sold	$        89,200

Larned Corporation recorded the following transactions for the just completed month.

a. $ 77,000 in raw materials were purchased on account.

b. $ 75,000 in raw materials were used in production. Of this amount, $ 62,000 was for direct materials and the remainder was for Indirect materials.

c. Total labor wages of $ 110,000 were paid in cash. Of this amount, $ 102,400 was for direct labor and the remainder was for indirect labor.

d. Depreciation of $ 199,000 was incurred on factory equipment.

 

Required:

Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

 

$ 77,000  in raw materials were purchased on account. 

 

Transaction	General Journal	Debit	Credit
a.