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Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26,900 $ 22,900 Work in process $ 18,900
Bledsoe Corporation has provided the following data for the month of November:
Beginning | Ending | ||||||||
Raw materials | $ | 26,900 | $ | 22,900 | |||||
Work in process | $ | 18,900 | $ | 11,900 | |||||
Finished Goods | $ | 49,900 | $ | 57,900 | |||||
Additional information:
Raw materials purchases | $ | 73,900 | |||||
Direct labor cost | $ | 93,900 | |||||
Manufacturing overhead cost incurred | $ | 44,090 | |||||
Indirect materials included in manufacturing overhead cost incurred | $ | 4,190 | |||||
Manufacturing overhead cost applied to Work in Process | $ | 42,900 | |||||
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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