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Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 25,500 $ 21,500 Work in process $ 17,500
Bledsoe Corporation has provided the following data for the month of November:
Beginning | Ending | ||||||||
Raw materials | $ | 25,500 | $ | 21,500 | |||||
Work in process | $ | 17,500 | $ | 10,500 | |||||
Finished Goods | $ | 48,500 | $ | 56,500 | |||||
Additional information:
Raw materials purchases | $ | 72,500 | |||||
Direct labor cost | $ | 92,500 | |||||
Manufacturing overhead cost incurred | $ | 42,550 | |||||
Indirect materials included in manufacturing overhead cost incurred | $ | 4,050 | |||||
Manufacturing overhead cost applied to Work in Process | $ | 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.
Complete this question by entering your answers in the table below Schedule of Schedule of COGM COGS 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 COGM Schedule of COGS
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