Reference no: EM132611195
Bledsoe Corporation has provided the following data for the month of November:
Beginning Ending
Raw materials $26,300 $22,300
Work in process $18,300 $11,300
Finished Goods $49,300 $57,300
Additional information:
Raw materials purchases $73,300
Direct labor cost $93,300
Manufacturing overhead cost incurred $43,430
Indirect materials included in manufacturing overhead cost incurred $4,130
Manufacturing overhead cost applied to Work in Process $42,300
Any under applied or over applied manufacturing overhead is closed out to cost of goods sold.
Required:
Question 1: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.