H13 0 Saved Bledsoe Corporation has provided the following data for the month of

Question

H13 0 Saved Bledsoe Corporation has provided the following data for the month of Nov You have FIVE MINUTES remaining to complete your work Raw materials Work in process Finished Goods Beginning Ending 25,100 $21,100 %17,100 $10,100 $ 48,100 $56,180 Additional information Raw materials purchases Direct labor cost Hanufacturing overhead cost incurred Indirect saterials included in sanufacturing overhead cost incurred $72,100 $92,1ee 42,110 s 4,e10 $41,100 anufacturing ouerhead cstwlied to ork n Pacers 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. Prepare a Schedule of Cost of Goods Manufactured Dieect maberials materials available for use used in p ere to search

Explanation / Answer

Amt Statement of cost of goods manufactured Direct material Beginning $         25,100 Add purchase $         72,100 Direct material available for use $         97,200 Less : Closing $        (21,100) Direct material used in production $         76,100 Direct labor $         92,100 Add : Manufacturing overhead cost applied to Work in Process $         41,100 Less indirect materials included in manufacturing overhead incurred $         (4,010) Add : Beginning WIP $         17,100 Less : Closing WIP $       (10,100) Cost of good manufactured $      212,290 Statement of cost of goods sold Beginning finished goods $       212,290 Add : Cost of goods manufactured during the year $         48,100 Less : Closing finished goods $       (56,100) Add : Under applied manufacturing overhead cost =42110-41100 $           1,010 Cost of good sold $      205,300

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