Please do not give solution in image format thanku 19) Bledsoe Corporation has provided the following data for the month of November:Beginning Ending$26,700 $$18,700 $$ 49,700 $Raw materialsWork in processFinished GoodsAdditional information:Raw materials purchasesDirect labor costManufacturing overhead cost incurredIndirect materials included in manufacturing overhead costincurredManufacturing overhead cost applied to Work in Process22,70011,70057,700Required:$ 73,700$ 93,700$ 43,870$4170$42,700Any underapplied or overapplied manufacturing overhead is closed out to cost ofgoods sold. Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost ofGoods Sold.BLEDSOE CORPORATIONSchedule of Cost of Goods ManufacturedDirect materials:Raw materials available for useRaw materials used in productionTotal manufacturing costsCost of goods manufacturedBLEDSOE CORPORATIONSchedule of Cost of Goods SoldBeginning finished goods inventoryCost of goods available for saleUnadjusted cost of goods soldAdjusted cost of goods sold100,40077,700266,630208,930$210.100$73,530209,930228,630$216.930

The "cost of goods manufactured" (COGM) is a financial accounting term that refers to the entire…

Answered: soe Corporation has provided the…

soe Corporation has provided the following data for materials -k in process shed Goods Beginning $ 26,700 $ $ 18,700 $ $ 49,700 $ Ending 22,700 11,700 57,700

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 13PB: Selected information from Hernandez Corporation shows the following: Prepare journal entries to...

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Please do not give solution in image format thanku

19) Bledsoe Corporation has provided the following data for the month of November:
Beginning Ending
$
26,700 $
$
18,700 $
$ 49,700 $
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
22,700
11,700
57,700
Required:
$ 73,700
$ 93,700
$ 43,870
$
4170
$
42,700
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.
BLEDSOE CORPORATION
Schedule of Cost of Goods Manufactured
Direct materials:
Raw materials available for use
Raw materials used in production
Total manufacturing costs
Cost of goods manufactured
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
100,400
77,700
266,630
208,930
$210.100
$73,530
209,930
228,630
$216.930

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