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Question: bledsoe corporation has provided the following data for the month...

Question details

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

Beginning Ending
Raw materials $ 26,600 $ 22,600
Work in process $ 18,600 $ 11,600
Finished Goods $ 49,600 $ 57,600

Additional information:

Raw materials purchases $ 73,600
Direct labor cost $ 93,600
Manufacturing overhead cost incurred $ 43,760
Indirect materials included in manufacturing overhead cost incurred $ 4,160
Manufacturing overhead cost applied to Work in Process $ 42,600

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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