Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bledsoe Corporation has provided the following data for the month of November: Ending Inventories Raw materials Work in process Finished Goods Beginning $ 25,700 $

image text in transcribedimage text in transcribed

Bledsoe Corporation has provided the following data for the month of November: Ending Inventories Raw materials Work in process Finished Goods Beginning $ 25,700 $ 17,700 $ 48,700 $ 21,700 $ 10,700 $ 56,700 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 $ 72,700 $ 92,700 $ 42, 770 $ 4,070 $ 41,700 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 Direct materials: Total raw materials available for use 0 Raw materials used in production 0 Direct materials used in production 0 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured 0 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 Unadjusted cost of goods sold 0 Adjusted cost of goods sold 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accountability Of Local Authorities In England And Wales, 1831-1935 Volume 1

Authors: Hugh Coombs, J. R. Edwards

1st Edition

1138965758, 9781138965751

More Books

Students also viewed these Accounting questions

Question

What are the requirements for effective learning at work?

Answered: 1 week ago