Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning $ 26,000 $ 18,000 $ 49,000 Ending $ 22,000 $ 11,000 $ 57,000 Raw materials Work in process Finished Goods Additional information: Raw materials purchases $73,000 $93,000 $43,100 $ 4,100 $42,000 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 COGM Schedule of COGS Prepare a Schedule of Cost of Goods Manufactured. BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured
Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning $ 26,000 $ 18,000 $ 49,000 Ending $ 22,000 $ 11,000 $ 57,000 Raw materials Work in process Finished Goods Additional information: Raw materials purchases $73,000 $93,000 $43,100 $ 4,100 $42,000 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 COGM Schedule of COGS Prepare a Schedule of Cost of Goods Manufactured. BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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