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Bledsoe Corporation has provided the following data for the month of November: Inventories Beginning EndingRaw materials $ 27,000 $ 23,000Work in process % 19,000 $
Bledsoe Corporation has provided the following data for the month of November: Inventories Beginning EndingRaw materials $ 27,000 $ 23,000Work in process % 19,000 $ 12,000Finished Goods % 50,000 $ 58,000 Additional information: Raw materials purchases $ 74,000Direct labour cost $ 94,000Manufacturing overhead cost incurred $ 44,200Indirect materials included in manufacturing overhead cost incurred $ 4,200Manufacturing overhead cost applied to Work in Process $ 43,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required:Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold
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