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Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process Finished Goods Additional information: Raw materials
Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process Finished Goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Beginning $ 25,400 $ 17,400 Ending $ 21,400 $ 10,400 $ 48,400 $ 56,400 Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $ 72,400 $ 92,400 $ 42,440 $ 4,040 $ 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. Complete this question by entering your answers in the table below. Schedule of COGM Schedule of COGS Prepare a Schedule of Cost of Goods Manufactured. BLEDSOE CORPORATION Direct materials: Raw materials available for use Total Raw materials used in production Direct materials used in production Schedule of Cost of Goods Manufactured Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured
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