2 Bledsoe Corporation has provided the following data for the month of November: Inventories Raw material Work in process Finished goods Beginning Ending $25,000 $21,000 $17,000 $10,000 $48,000 $56,000 Additional information: Raw material purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,000 $92,000 $42,000 $4,000 $41,000 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. Question 2 Bledsoe Corporation has provided the following data for the month of November: Inventories Raw material Work in process Finished goods Additional information: Beginning Ending $25,000 $21,000 $17,000 $10,000 $48,000 $56,000 Raw material purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,000 $92,000 $42,000 $4,000 $41,000 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