Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 $ 17,600 $ 48,600 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: Ending $ 21,600 $ 10,600 $56,600 Total raw materials available for use Raw materials used in production Direct materials used in production BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured $72,600 $ 92,600 $ 42,660 $ 4,060 $ 41,600

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bledsoe Corporation has provided the following data for the month of November:
Beginning
$ 25,600
Ending
$21,600
$ 17,600
$ 10,600
$ 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:
Total raw materials available for use
Raw materials used in production
Direct materials used in production
BLEDSOE CORPORATION
Schedule of Cost of Goods Manufactured
$72,699
$ 92,600
$ 42,660
$ 4,060
$ 41,600
Transcribed Image Text:Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 Ending $21,600 $ 17,600 $ 10,600 $ 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: Total raw materials available for use Raw materials used in production Direct materials used in production BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured $72,699 $ 92,600 $ 42,660 $ 4,060 $ 41,600
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