Question

Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...

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

Beginning Ending
Raw materials $ 26,600 $ 22,600
Work in process $ 18,600 $ 11,600
Finished Goods $ 49,600 $ 57,600

Additional information:

Raw materials purchases $ 73,600
Direct labor cost $ 93,600
Manufacturing overhead cost incurred $ 43,760
Indirect materials included in manufacturing overhead cost incurred $ 4,160
Manufacturing overhead cost applied to Work in Process $ 42,600

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.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,860 Direct labor $ 58,500 Manufacturing overhead applied to work in process $ 87,200 Underapplied overhead $ 4,160 Inventories Beginning Ending Raw materials $ 10,800 $ 18,200 Work in process $ 55,500 $ 66,800 Finished goods $ 33,700 $ 42,600 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,800 Direct labor $ 58,400 Manufacturing overhead applied to work in process $ 88,200 Underapplied overhead $ 4,160 Inventories Beginning Ending Raw materials $ 10,300 $ 18,600 Work in process $ 54,700 $ 68,800 Finished goods $ 34,600 $ 42,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,640 Direct labor $ 59,200 Manufacturing overhead applied to work in process $ 88,000 Underapplied overhead $ 4,110 Inventories Beginning Ending Raw materials $ 11,400 $ 19,600 Work in process $ 54,200 $ 66,600 Finished goods $ 33,200 $ 42,100 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,300 Manufacturing overhead applied to work in process $ 88,400 Underapplied overhead $ 4,150 Inventories Beginning Ending Raw materials $ 10,700 $ 19,600 Work in process $ 54,100 $ 65,200 Finished goods $ 34,100 $ 42,800 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,940 Direct labor $ 58,600 Manufacturing overhead applied to work in process $ 87,000 Underapplied overhead $ 4,120 Inventories Beginning Ending Raw materials $ 11,900 $ 18,400 Work in process $ 55,200 $ 65,900 Finished goods $ 34,900 $ 42,300 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,550 Direct labor $ 59,800 Manufacturing overhead applied to work in process $ 88,900 Underapplied overhead $ 4,030 Inventories Beginning Ending Raw materials $ 11,800 $ 19,900 Work in process $ 54,100 $ 68,100 Finished goods $ 33,900 $ 43,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a...
Schoff Corporation has provided the following data for the most recent month:      Raw materials, beginning...
Schoff Corporation has provided the following data for the most recent month:      Raw materials, beginning balance $ 10,600   Work in process, beginning balance $ 22,400   Finished goods, beginning balance $ 52,700     Transactions (1) Raw materials purchases $ 75,400 (2) Raw materials used in production (all direct materials) $ 78,900 (3) Direct labor $ 72,400 (4) Manufacturing overhead costs incurred $ 82,300 (5) Manufacturing overhead applied $ 76,300 (6) Cost of units completed and transferred from work in process to...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 19,500 Work in process, beginning balance $ 32,400 Finished Goods, beginning balance $ 50,400 Transactions: (1) Raw materials purchases $ 79,300 (2) Raw materials used in production (all direct materials) $ 77,700 (3) Direct labor $ 52,400 (4) Manufacturing overhead costs incurred $ 91,500 (5) Manufacturing overhead applied $ 72,400 (6) Cost of units completed and transferred from Work in Process to Finished...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 21,000 Work in process, beginning balance $ 33,000 Finished Goods, beginning balance $ 51,000 Transactions: (1) Raw materials purchases $ 79,000 (2) Raw materials used in production (all direct materials) $ 78,000 (3) Direct labor $ 53,000 (4) Manufacturing overhead costs incurred $ 93,000 (5) Manufacturing overhead applied $ 73,000 (6) Cost of units completed and transferred from Work in Process to Finished...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 21,000 Work in process, beginning balance $ 33,000 Finished Goods, beginning balance $ 51,000 Transactions: (1) Raw materials purchases $ 79,000 (2) Raw materials used in production (all direct materials) $ 78,000 (3) Direct labor $ 53,000 (4) Manufacturing overhead costs incurred $ 93,000 (5) Manufacturing overhead applied $ 73,000 (6) Cost of units completed and transferred from Work in Process to Finished...