Question
Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials.......... $25,000 $21,000 Work in process....... $17,000 $10,000 Finished
Bledsoe Corporation has provided the following data for the month of November:
Inventories:
Beginning
Ending
Raw materials..........
$25,000
$21,000
Work in process.......
$17,000
$10,000
Finished goods.........
$48,000
$56,000
Additional information:
Raw materials purchases..........................................
$72,000
Direct labor cost......................................................
$92,000
Manufacturing overhead cost incurred.......................
$42,000
Indirect materials included in manufacturing overhead cost incurred........................................................
$4,000
Manufacturing overhead cost applied to Work in Process................................................................
$41,000
Required:Please show all the calculation needed to prepare the following requirements
1- Prepare Schedule of Cost of Goods Manufactured and
2- a Schedule of Cost of Goods Sold in good form
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