Question: bledsoe corporation has provided the following data for the month...
Bledsoe Corporation has provided the following data for the month of November:
|Work in process||$||18,600||$||11,600|
|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.
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.