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 $4,970
Direct labor $59,000
Manufacturing overhead applied to work in process $88,200
Underapplied overhead $4,110

Inventories Beginning Ending
Raw materials $11,100 $18,700
Work in process 54,200 68,100
Finished goods 33,200 42,800

Required:

a. Prepare a Schedule of Cost of Goods Manufactured.
b. Prepare a schedule of cost of goods sold for the month.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.