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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
Transcribed Image Text: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
Transcribed Image Text: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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