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Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials $ 25,400 $ 21,400 Work in process $

Bledsoe Corporation has provided the following data for the month of November:

Inventories: Beginning Ending
Raw materials $ 25,400 $ 21,400
Work in process $ 17,400 $ 10,400
Finished Goods $ 48,400 $ 56,400

Additional information:

Raw materials purchases $ 72,400
Direct labor cost $ 92,400
Manufacturing overhead cost incurred $ 42,440
Indirect materials included in manufacturing overhead cost incurred $ 4,040
Manufacturing overhead cost applied to Work in Process $ 41,400

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.

image text in transcribed image text in transcribed

BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use Raw materials used in production Total manufacturing costs Cost of goods manufactured $ 0 BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold 0

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