Bledsoe Corporation has provided the following data for the month of November: Ending Beginning $ 25,700...
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Bledsoe Corporation has provided the following data for the month of November: Ending Beginning $ 25,700 $ 17,700 $ 48,700 Inventories: Raw materials Work in process 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 $ 21,700 $ 10,700 $ 56,700 $ 72,700 $ 92,700 $ 42,770 $ 4,070 $ 41,700 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: Ending Beginning $ 25,700 $ 17,700 $ 48,700 Inventories: Raw materials Work in process 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 $ 21,700 $ 10,700 $ 56,700 $ 72,700 $ 92,700 $ 42,770 $ 4,070 $ 41,700 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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Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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