Question

Bledsoe Corporation has provided the following data for the month of November: Raw materials Work in process Finished Goods Beginning Ending $ 26,800 $22,800 $ 18,800 $11,800 $ 49,800 $57,800 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 $73,888 $93,800 $43,980 $ 4,180 $42,800 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.

Answer 1

Answer: BLEDSOE CORPORATION Schedule of cost of goods manufactured $26000 $73800 $99800 Dieech materials) Begining materials inventory Purchases of raw materials Raw materials available for use Ending raw materials muentory Raw materials used in production Indirect materials included in manufacting everhead incurred Dimect labor Mani facturing Bierhead applied to looi in proces Total manufacturing costs Beginning werk in proceus fuentowy $ 22800 $ 77000 $4180 $72820 $93800 $ 42800 $ 209480 .. $ 18800 Ending work in process inventory cost of goods manufactured $ 298200 1 - 11800 $ 216420

BLE DSOE CORPORATION Schedule of cost of goods sold $ 49800 $ 216420 $266220 Begining finished goods inventory . Cost of goods manufactured Goods available for sale Ending finished goods inventary unadjusted cost of goods sold anderapplied over head adjusted cost of goods sold $57800 $208420 $ 1180 I $ 209600 43980 - 42800 ~ 1180