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Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 $ 17,600 $ 48,600 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 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. Complete this question by entering your answers in the table below. Schedule of Schedule of COGM COGS Prepare a Schedule of Cost of Goods Manufactured. Direct materials: Ending $ 21,600 $ 10,600 $56,600 Total raw materials available for use Raw materials used in production Direct materials used in production BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured $72,600 $ 92,600 $ 42,660 $ 4,060 $ 41,600

Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 $ 17,600 $ 48,600 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 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. Complete this question by entering your answers in the table below. Schedule of Schedule of COGM COGS Prepare a Schedule of Cost of Goods Manufactured. Direct materials: Ending $ 21,600 $ 10,600 $56,600 Total raw materials available for use Raw materials used in production Direct materials used in production BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured $72,600 $ 92,600 $ 42,660 $ 4,060 $ 41,600

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 3E: The following data appeared in the accounting records of Craig Manufacturing Inc., which uses the...
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Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 Ending $21,600 $ 17,600 $ 10,600 $ 48,600 $ 56,600 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 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. Complete this question by entering your answers in the table below. Schedule of Schedule of COGM COGS Prepare a Schedule of Cost of Goods Manufactured. Direct materials: Total raw materials available for use Raw materials used in production Direct materials used in production BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured $72,699 $ 92,600 $ 42,660 $ 4,060 $ 41,600
Transcribed Image Text:Bledsoe Corporation has provided the following data for the month of November: Beginning $ 25,600 Ending $21,600 $ 17,600 $ 10,600 $ 48,600 $ 56,600 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 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. Complete this question by entering your answers in the table below. Schedule of Schedule of COGM COGS Prepare a Schedule of Cost of Goods Manufactured. Direct materials: Total raw materials available for use Raw materials used in production Direct materials used in production BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured $72,699 $ 92,600 $ 42,660 $ 4,060 $ 41,600
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