Question

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.

Answer 1