Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods Beginning Ending $ 27,000 $23,000 $ 19,000 $12,000 $ 50,000 $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. $ BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured Direct materials: Beginning materials inventory Add: Purchases of raw materials Raw materials available for use Less: Ending raw materials inventory Raw materials used in production 27,000 74,000 101,000 23,000 78,000 78,000 Direct labor 94,000 Total manufacturing costs 172,000 172,000 Cost of goods manufactured $ 172,000 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 Unadjusted cost of goods sold Adjusted cost of goods sold