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 Finished Goods Beginning Ending $ 25,000 $21,000 $ 17,000 $10,000 $ 48,000 $56,000 Additional information: Raw materials purchases Direct labor cost $72,000 $92,000 $42,000 Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred $ 4,000 Manufacturing overhead cost applied to Work in Process $41,000 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. Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials. Work in process Finished Goods Beginning Ending $ 25,000 $21,000 $ 17,000 $10,000 $ 48,000 $56,000 Additional information: Raw materials purchases Direct labor cost $72,000 $92,000 $42,000 Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred $ 4,000 Manufacturing overhead cost applied to Work in Process $41,000 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.

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Schedule of cost of Goods Manufactured Direct Materials Raw materialsbegi... View the full answer