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 $25,200 $17,200 $43,200 Ending $21,200 $10,200
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods $25,200 $17,200 $43,200 Ending $21,200 $10,200 $56,200 Additional information: Raw materials purchases Direct labor cost Manufacturing over head cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,200 $92, 200 $42,220 $ 4,020 541,200 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. 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 Schedule of Cost of Goods Manufactured 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 BLEUSOF CORPORATION Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials Raw materials available for use 0 Raw materials used in production 0 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured $ 0 Schedule of COGS > -3) 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 the 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 0 Cost of goods available for sale 0 Unad usted cost of goods sold $ 0 Adjusted cost of goods sold
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