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Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials $ 26,500 $ 22,500 Work in process $

Bledsoe Corporation has provided the following data for the month of November:

Inventories: Beginning Ending
Raw materials $ 26,500 $ 22,500
Work in process $ 18,500 $ 11,500
Finished Goods $ 49,500 $ 57,500

Additional information:

Raw materials purchases $ 73,500
Direct labor cost $ 93,500
Manufacturing overhead cost incurred $ 43,650
Indirect materials included in manufacturing overhead cost incurred $ 4,150
Manufacturing overhead cost applied to Work in Process $ 42,500

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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