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

Question

Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Ending $ 25,589 $21,589 $ 17,500 10,500 $48,580 $56,580 Goods Additonal Information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost Manufacturing overhead cost applied to Work in Process $72,580 $92,588 542,550 541,589 Any underapplled 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. COGS Prepare a Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Manufactured Direct materials Raw ma:eras available for use Raw marerials used in production Total manufacturing cos the web and Windows

Explanation / Answer

Schedule of cost of goods manufactured :

Schedule of cost of goods sold :

Beginning raw material 25500 Raw material purchase 72500 Less; Ending raw material (21500) Raw material used in production 76500 Less; Indirect material (4050) Direct material used 72450 Direct labour 92500 Manufacturing overhead applied 41500 Total manufacturing cost 206450 Beginning work in process 17500 Total cost of work in process 223950 Less; Ending work in process (10500) Cost of goods manufactured 213450

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