Bledsoe Corporation has provided the following data for themonth of November:
| Beginning | Ending |
| Raw materials | $ | 25,800 | $ | 21,800 |
| Work in process | $ | 17,800 | $ | 10,800 |
| Finished Goods | $ | 48,800 | $ | 56,800 |
|
Additional information:
| | |
| Raw materials purchases | $ | 72,800 |
| Direct labor cost | $ | 92,800 |
| Manufacturing overhead cost incurred | $ | 42,880 |
| Indirect materials included in manufacturing overhead costincurred | $ | 4,080 |
| Manufacturing overhead cost applied to Work in Process | $ | 41,800 |
|
Any underapplied or overapplied manufacturing overhead is closedout to cost of goods sold.
Required:
Please prepare a Schedule of Cost of Goods Manufactured and aSchedule of Cost of Goods Sold.
|
| | BLEDSOE CORPORATION | | Schedule of Cost of GoodsManufactured | | Direct materials: | | | | Beginning materials inventory | | | | Add: Purchases of raw materials | | | | Raw materials available for use | 0 | | | Less: Ending raw materialsinventory | | | | Raw materials used in production | 0 | | | Less: Indirect materials included inmanufacturing overhead incurred | | $0 | | Manufacturing overhead applied to workin process | | | | Direct labor | | | | Total manufacturing costs | | 0 | | Add: Beginning work in processinventory | | | | | 0 | | Less: Ending work in processinventory | | | | Cost of goodsmanufactured | | $0 |
|
|
| | BLEDSOE CORPORATION | | Schedule of Cost of Goods Sold | | Beginning finished goods inventory | | | | | Cost of goods available for sale | 0 | | | | Unadjusted cost of goods sold | 0 | | | | Adjusted cost of goodssold | $0 |
|
