Bledsoe Corporation has provided the following data for the month of Beginning $ 25,400 $ 17,400 $ 48,400 Inventories: Raw materials Work in process Finished Goods Ending $ 21,400 $ 10,400 $ 56,400

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 8P: OReilly Manufacturing Co.s cost of goods sold for the month ended July 31 was 345,000. The ending...
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Bledsoe Corporation has provided the following data for the month of November:
Inventories:
Raw materials:
Work in process
Finished Goods
Additional information:
Raw materials purchases
Direct labor cost
Beginning
$ 25,400
$ 17,400
$ 48,400
Schedule of Schedule of
COGM
COGS
Ending
$ 72,400
$ 92,400
Manufacturing overhead cost incurred i
$ 42,440
Indirect materials included in manufacturing overhead cost
incurred
$4,040
Manufacturing overhead cost applied to Work in Process
$ 41,400
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
$ 21,400
$ 10,400
$ 56,400
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.
actured
Complete this question by entering your answers in the table below.
Transcribed Image Text:Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials: Work in process Finished Goods Additional information: Raw materials purchases Direct labor cost Beginning $ 25,400 $ 17,400 $ 48,400 Schedule of Schedule of COGM COGS Ending $ 72,400 $ 92,400 Manufacturing overhead cost incurred i $ 42,440 Indirect materials included in manufacturing overhead cost incurred $4,040 Manufacturing overhead cost applied to Work in Process $ 41,400 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. $ 21,400 $ 10,400 $ 56,400 Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. actured Complete this question by entering your answers in the table below.
21
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
Raw materials available for use
Total Raw materials used in production
Direct materials used in production
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.
BLEDSOE CORPORATION
Schedule of Cost of Goods Manufactured
Schedule of Schedule of
COGM
COGS
Prepare a Schedule of Cost of Goods Sold.
BLEDSOE CORPORATION
Schedule of Cost of Goods Sold
Beginning finished goods inventory
Cost of goods available for sale
Unadjusted cost of goods sold
Adjusted cost of goods sold
Transcribed Image Text:21 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 Raw materials available for use Total Raw materials used in production Direct materials used in production 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. BLEDSOE CORPORATION Schedule of Cost of Goods Manufactured Schedule of Schedule of COGM COGS Prepare a Schedule of Cost of Goods Sold. BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold
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