Reference no: EM132664814

Problem 1: Prepare schedule of cost of goods manufactured for the Bolstep Company from the following information for October 2011:

Inventories                   Beginning             Ending
Raw Material              6,700                      8,900
Work-in-process         17,700                 22,650
Finished goods           29,730                   19,990

Additional information:

purchases of raw material were 46,700; 19,700

direct labour hours were worked at 11.30 per hour;

overhead costs were 33,300