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11 Bledsoe Corporation has provided the following date for the month of November Menning eng Raw materiale 26,800 $ 23,000 Wo
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BLEDSOE CORPORATION
Schedule of cost of goods manufactured
Direct materials :
   Beginning raw materials inventory 26800
   Add: Purchase of raw materials 73800
   Raw materials available for use 100600
   Less: Ending raw materials inventory 22800
   Raw materials used in production 77800
   Less: Indirect materials included in manufacturing overhead 4180 73620
Direct labor 93800
Manufacturing overhead applied to work in process 42800
Total manufacturing costs 210220
Add: Beginning work in process inventory 18800
Total cost of work in process inventory 229020
Less: Ending work in process inventory 11800
Cost of goods manufactured 217220
BLEDSOE CORPORATION
Schedule of cost of goods sold
Beginning finished goods inventory 49800
Add: Cost of goods manufactured 217220
Goods available for sale 267020
Less: Ending finished goods inventory 57800
Unadjusted cost of goods sold 209220
Add: Underapplied overhead 1180
Adjusted cost of goods sold 210400
Working note :
As the manufacturing overhead cost applied is less than the manufacturing overhead cost incurred, the overhead is underapplied.
Manufacturing overhead cost incurred 43980
Less: Manufacturing overhead cost applied to work in process 42800
Underapplied overhead 1180
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