Question

Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 25,200 $ 21,200 Work in process $ 17,200 $ 10,200 Finished Goods $ 48,200 $ 56,200 Additional information: Raw materials purchases $ 72,200 Direct labor cost $ 92,200 Manufacturing overhead cost incurred $ 42,220 Indirect materials included in manufacturing overhead cost incurred $ 4,020 Manufacturing overhead cost applied to Work in Process $ 41,200 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. Prepare a Schedule of Cost of Goods Manufactured. BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use 0 Raw materials used in production 0 $0 Total manufacturing costs 0 0 Cost of goods manufactured Prepare a Schedule of Cost of Goods Sold. 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 goods sold

Answer 1