Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help ASAP Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26, 400 $22, 400 Work

Please help ASAP

image text in transcribedimage text in transcribed
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26, 400 $22, 400 Work in process $ 18, 400 $11, 400 Finished Goods $ 49, 400 $57, 400 Additional information: Raw materials purchases $73, 400 Direct labor cost $93, 400 Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost $43, 540 incurred $ 4, 140 Manufacturing overhead cost applied to Work in Process $42, 400 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 Schedule of COGM of COGS Prepare a Schedule of Cost of Goods Manufactured. BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use Raw materials used in production Total manufacturing costs Cost of goods manufactured Bledsoe Corporation has provided the following data for the month of November: Raw materials Beginning Ending $ 26, 400 $22, 400 Work in process $ 18, 400 $11, 400 Finished Goods $ 49, 400 $57 , 400 Additional information: Raw materials purchases $73, 400 Direct labor cost $93, 400 Manufacturing overhead cost incurred $43,540 Indirect materials included in manufacturing overhead cost incurred $ 4, 140 Manufacturing overhead cost applied to Work in Process $42 , 400 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 Schedule of COGM |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 Adjusted cost of goods sold

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_2

Step: 3

blur-text-image_3

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

Accounting General Journal

Authors: Claudia Gilbertson

11th Edition

1337623121, 9781337623124

More Books

Students also viewed these Accounting questions

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago