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

Beginning Ending

Raw materials $26,300 $22,300

Work in process $18,300 $11,300

Finished Goods $49,300 $57,300

Additional information:

Raw materials purchases $73,300

Direct labor cost $93,300

Manufacturing overhead cost incurred $43,430

Indirect materials included in manufacturing overhead cost incurred $4,130

Manufacturing overhead cost applied to Work in Process $42,300

Any under applied or over applied 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.

Complete this question by entering your answers in the table below.

• Schedule of COGM

Prepare a Schedule of Cost of Goods Manufactured.

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:

• Schedule of COGS

Prepare 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:

Unadjusted cost of goods sold:

Adjusted cost of goods sold: