Prepare a schedule of cost of goods manufactured

Assignment Help Accounting Basics

Reference no: EM132218363

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

	Beginning	Ending
Raw materials	$25,400	$21,400
Work in process	$17,400	$10,400
Finished Goods	$48,400	$56,400

Additional information:

Raw materials purchases - $72,400

Direct labor cost - $92,400

Manufacturing overhead cost incurred - $42,440

Indirect materials included in manufacturing overhead cost incurred - $4,040

Manufacturing overhead cost applied to Work in Process - $41,400

Any under-applied or over-applied 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.

Reference no: EM132218363

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