Question
Bledsoe Corporation has provided the following data for the month of November: Inventories:BeginningEndingRaw materials$26,800$22,800Work in process$18,800$11,800Finished Goods$49,800$57,800 Additional information: Raw materials purchases$73,800Direct labor cost$93,800Manufacturing overhead
Bledsoe Corporation has provided the following data for the month of November:
Inventories:BeginningEndingRaw materials$26,800$22,800Work in process$18,800$11,800Finished Goods$49,800$57,800
Additional information:
Raw materials purchases$73,800Direct labor cost$93,800Manufacturing overhead cost incurred$43,980Indirect materials included in manufacturing overhead cost incurred$4,180Manufacturing overhead cost applied to Work in Process$42,800
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
Required:
Prepare Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.
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