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what is the under applied overhead? thanks Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process
what is the under applied overhead? thanks
Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process Finished Goods Beginning Ending $ 26,700 $22,700 $ 18,700 $11,700 $ 49,700 $57,700 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 $73,700 $93,700 $43,870 $ 4,170 $42,700 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. to search 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 $ Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold | $ 49,700 216,930 266,630 57,700 208,930 208,930Step by Step Solution
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