Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work...
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Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process Beginning $ 25,500 Ending $ 21,500 $ 17,500 $ 10,500 $ 48,500 $ 56,500 Finished Goods 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 $ 72,500 $ 92,500 $ 42,550 $ 4,050 $ 41,500 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. Schedule of COGM Schedule of COGS Prepare a Schedule of Cost of Goods Manufactured. BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured 26 Direct materials: Raw materials available for use Total Raw materials used in production Direct materials used in production | Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured 0 0 < Schedule of COGM Schedule of COGS > 0 EA 0 0 0 ints 01:29:20 Schedule of COGM Schedule of COGS Prepare a Schedule of Cost of Goods Sold. BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale 0 Unadjusted cost of goods sold Adjusted cost of goods sold 0 $ 0 < Schedule of COGM Schedule of COG Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process Beginning $ 25,500 Ending $ 21,500 $ 17,500 $ 10,500 $ 48,500 $ 56,500 Finished Goods 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 $ 72,500 $ 92,500 $ 42,550 $ 4,050 $ 41,500 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. Schedule of COGM Schedule of COGS Prepare a Schedule of Cost of Goods Manufactured. BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured 26 Direct materials: Raw materials available for use Total Raw materials used in production Direct materials used in production | Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured 0 0 < Schedule of COGM Schedule of COGS > 0 EA 0 0 0 ints 01:29:20 Schedule of COGM Schedule of COGS Prepare a Schedule of Cost of Goods Sold. BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale 0 Unadjusted cost of goods sold Adjusted cost of goods sold 0 $ 0 < Schedule of COGM Schedule of COG
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Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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