Question
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26,900 $ 22,900 Work in process $ 18,900
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26,900 $ 22,900 Work in process $ 18,900 $ 11,900 Finished Goods $ 49,900 $ 57,900 Additional information: Raw materials purchases $ 73,900 Direct labor cost $ 93,900 Manufacturing overhead cost incurred $ 44,090 Indirect materials included in manufacturing overhead cost incurred $ 4,190 Manufacturing overhead cost applied to Work in Process $ 42,900 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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