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Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26,800 $ 22,800 Work in process $ 18,800 $ 11,800 Finished Goods $ 49,800 $ 57,800 Additional...

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Accounting

Bledsoe Corporation has provided the following data for themonth of November:

BeginningEnding
Raw materials$26,800$22,800
Work in process$18,800$11,800
Finished Goods$49,800$57,800

Additional information:

Raw materials purchases$73,800
Direct labor cost$93,800
Manufacturing overhead cost incurred$43,980
Indirect materials included in manufacturing overhead costincurred$4,180
Manufacturing overhead cost applied to Work in Process$42,800

Any underapplied or overapplied manufacturing overhead is closedout to cost of goods sold.

Required:

Prepare a Schedule of Cost of Goods Manufactured and a Scheduleof Cost of Goods Sold.

Answer & Explanation Solved by verified expert
4.2 Ratings (809 Votes)
SOLUTION Schedule of Cost of Goods Manufactured Particulars Amount Amount Amount Direct Materials Beginning Inventory of Direct Material 26800 Add Purchases 73800 Inventory available for use 100600 Less    See Answer
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