Primare Corporation has provided the following data concerning last month's manufacturing operations Purchases of raw materials $30,000
Indirect materials included in manufacturing overhead $4,900
Direct labor $58,500
Manufacturing overhead applied to work in process $88,500
Underapplied overhead $4,170
Inventories Beginning Ending
Raw materials $11,100 $18,200
Work in process $55,100 $68,400
Finished goods $34,100 $42,200
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.

Primare Corporation

1. A Schedule of Cost of Goods Manufactured for the month:

Beginning WIP           $55,100

Raw materials used     18,000

Direct labor                 58,500

Manufacturing o/h      88,500

Ending Balance         (68,400)

                                $151,700

2. A Schedule of Cost of Goods Sold for the month:

Finished goods inventory   $34,100

Cost of manufacturing         151,700

Ending Finished goods       (42,200)

Underapplied overhead          4,170

Cost of goods sold            $147,770

Explanation:

a) Data and Calculations:

Purchases of raw materials $30,000

Indirect materials included in manufacturing overhead $4,900

Direct labor $58,500

Manufacturing overhead applied to work in process $88,500

Underapplied overhead $4,170

Inventories           Beginning       Ending

Raw materials          $11,100       $18,200

Work in process    $55,100      $68,400

Finished goods     $34,100      $42,200

Raw materials

Beginning Balance   $11,100

Purchase                  30,000

Manufacturing overhead         $4,900

Work in process                        18,000

Ending Balance                       $18,200

Work in process

Beginning Balance   $55,100

Raw materials             18,000

Direct labor                58,500

Manufacturing o/h    88,500

Finished goods                      $151,700

Ending Balance                      $68,400

Finished goods

Beginning Balance   $34,100

WIP                            151,700

Cost of goods sold              $143,600

Ending Balance                     $42,200

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.