Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 Ending $ 21,600 $ 10,600 $ 17,600 $ 48,600 $ 56,600 Inventories Raw materials Work in process Finished Goods 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 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. Schedule of Schedule of COGM COGS Prepare a Schedule of Cost of Goods Manufactured. Direct materials: Beginning materials inventory Add: Purchases of raw materials Total raw materials available for use Raw materials used in production Direct materials used in production BLED SOE CORPORATION Schedule of Cost of Goods Manufactured Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured $ 72,600 $ 92,600 $ 42,660 $ 4,060 $ 41,600

Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 Ending $ 21,600 $ 10,600 $ 17,600 $ 48,600 $ 56,600 Inventories Raw materials Work in process Finished Goods 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 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. Schedule of Schedule of COGM COGS Prepare a Schedule of Cost of Goods Manufactured. Direct materials: Beginning materials inventory Add: Purchases of raw materials Total raw materials available for use Raw materials used in production Direct materials used in production BLED SOE CORPORATION Schedule of Cost of Goods Manufactured Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured $ 72,600 $ 92,600 $ 42,660 $ 4,060 $ 41,600

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 5SEB: PREDETERMINED FACTORY OVERHEAD RATE Marston Enterprises calculates a predetermined factory overhead...

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