Question
Bledsoe Corporation has provided the following data for the month of November: Inventories:BeginningEndingRaw materials$25,200$21,200Work in process$17,200$10,200Finished Goods$48,200$56,200 Additional information: Raw materials purchases$72,200Direct labor cost$92,200Manufacturing overhead
Bledsoe Corporation has provided the following data for the month of November:
Inventories:BeginningEndingRaw materials$25,200$21,200Work in process$17,200$10,200Finished Goods$48,200$56,200
Additional information:
Raw materials purchases$72,200Direct labor cost$92,200Manufacturing overhead cost incurred$42,220Indirect materials included in manufacturing overhead cost incurred$4,020Manufacturing overhead cost applied to Work in Process$41,200
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.
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