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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
Transcribed Image Text:cturing overhead cost incurred
$ 4,100
$42,000
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 Sold.
BLEDSOE CORPORATION
Schedule of Cost of Goods Sold
Beginning finished goods inventory
Cost of goods available for sale
Unadjusted cost of goods sold
Adjusted cost of goods sold
$
Schedule of COGM
Schedule of COGS >

Transcribed Image Text: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
Schedule of
COGM
COGS
Prepare a Schedule of Cost of Goods Manufactured.
BLEDSOE CORPORATION
Schedule of Cost of Goods Manufactured
Direct materials:
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