Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bledsoe Corporation has provided the following data for the month of November. Raw materials Work in process Finished Goods Beginning $ 27,000 $19,000 $50,000 Ending
Bledsoe Corporation has provided the following data for the month of November. Raw materials Work in process Finished Goods Beginning $ 27,000 $19,000 $50,000 Ending $23, eee $12, eee $58,000 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to work in Process $74,000 $94.000 $44,200 $ 4,200 $43,000 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 Sold. BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale 0 0 Unadjusted cost of goods sold $ 0 Adjusted cost of goods sold (Schedule of COOM
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started