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Bledsoe Corporation has provided the following data for the month of Novembe: Inventories: Raw materials Work in process Finished Goods Beginning Ending 25,500 $21,500 $
Bledsoe Corporation has provided the following data for the month of Novembe: Inventories: Raw materials Work in process Finished Goods Beginning Ending 25,500 $21,500 $ 17,500 $10,500 48,500 $56,500 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,500 $92,500 $42,550 $4,050 $41,500 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 BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale 0 Unadjusted cost of goods sold 0 Adjusted cost of goods sold 0 KSchedule of COGM Schedule of COGS
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