Free

70.2K

Verified Solution

Link Copied!

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