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

Question

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

( Please help me)?

Bledsoe Corporation has provided the following data for the month of November: 9 Raw materials Work in process Finished Goods Beginning Endin 26,100 $22,100 18,100 $11,100 49,100 $57,100 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 $73,100 $93, 100 $43,210 $ 4,110 $42,100 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 COGS Schedule of COGM Prepare a Schedule of Cost of Goods Manufactured BLEDSOE CORPORATION Mc Graw Hill KPrev9 of 10 Next

Explanation / Answer

Particulars Amt Direct Material:- Opening Stock 26100 Add: Purchases 73100 total raw material available 99200 Less: Indirect Material 4110 Less: Closing Stock 22100 Raw Material Used in Production 72990 Direct Labor 93100 Indirect Material 4590 Manufacturing Overhead 42100 Total Manufacturing Costs 212780 Add: Opening WIP 18100 Less: Closing WIP 11100 Cost of Goods Manufactured 219780 Particulars Amt Opening Finished Goods Inventory 49100 Add: Cost of Goods Manufactured 219780 Goods Avaialble for Sale 268880 Less: Closing Finished Goods Inventory 57100 Unadjusted Cost of Goods Sold 211780 Add: under application of overhead (43210-42100) 1110 Cost of Goods Sold 212890

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