Question
In: Accounting
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...
Bledsoe Corporation has provided the following data for the month of November:
| Beginning | Ending | ||||||||
| Raw materials | $ | 26,800 | $ | 22,800 | |||||
| Work in process | $ | 18,800 | $ | 11,800 | |||||
| Finished Goods | $ | 49,800 | $ | 57,800 | |||||
Additional information:
| Raw materials purchases | $ | 73,800 | |||||
| Direct labor cost | $ | 93,800 | |||||
| Manufacturing overhead cost incurred | $ | 43,980 | |||||
| Indirect materials included in manufacturing overhead cost incurred | $ | 4,180 | |||||
| Manufacturing overhead cost applied to Work in Process | $ | 42,800 | |||||
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.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...
Bledsoe Corporation has provided the following data for the
month of November:
Beginning
Ending
Raw materials
$
26,500
$
22,500
Work in process
$
18,500
$
11,500
Finished Goods
$
49,500
$
57,500
Additional information:
Raw materials purchases
$
73,500
Direct labor cost
$
93,500
Manufacturing overhead cost incurred
$
43,650
Indirect materials included in manufacturing overhead cost
incurred
$
4,150
Manufacturing overhead cost applied to Work in Process
$
42,500
Any underapplied or overapplied manufacturing overhead is closed
out...
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...
Bledsoe Corporation has provided the following data for the
month of November:
Beginning
Ending
Raw materials
$
26,800
$
22,800
Work in process
$
18,800
$
11,800
Finished Goods
$
49,800
$
57,800
Additional information:
Raw materials purchases
$
73,800
Direct labor cost
$
93,800
Manufacturing overhead cost incurred
$
43,980
Indirect materials included in manufacturing overhead cost
incurred
$
4,180
Manufacturing overhead cost applied to Work in Process
$
42,800
Any underapplied or overapplied manufacturing overhead is closed
out...
Bledseo Corporation has provided the following data for the month of June: Beginning Ending Raw materials...
Bledseo Corporation has provided the following data for the
month of June:
Beginning
Ending
Raw materials
$
26,700
$
22,700
Work in process
$
18,700
$
11,700
Finished Goods
$
49,700
$
57,700
Additional information:
Raw materials purchases
$
73,700
Direct labor cost
$
93,700
Manufacturing overhead cost incurred
$
43,870
Indirect materials included in manufacturing overhead cost
incurred
$
4,170
Manufacturing overhead cost applied to Work in Process
$
42,700
Any underapplied or overapplied manufacturing overhead is closed
out...
PROBLEM. 1) Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning...
PROBLEM. 1) Bledsoe Corporation has provided the following data
for the month of November: Inventories: Beginning Ending Raw
materials $ 26,100 $ 22,100 Work in process $ 18,100 $ 11,100
Finished Goods $ 49,100 $ 57,100 Additional information: Raw
materials purchases $ 73,100 Direct labor cost $ 93,100
Manufacturing overhead cost incurred $ 43,210 Indirect materials
included in manufacturing overhead cost incurred $ 4,110
Manufacturing overhead cost applied to Work in Process $ 42,100 Any
underapplied or overapplied manufacturing overhead...
Dickerson Corporation has provided the following data for the month of April: Inventories: Beginning Ending Raw...
Dickerson Corporation has provided the following data for the
month of April:
Inventories:
Beginning
Ending
Raw materials
$
21,000
$
35,000
Work-in-Process
$
17,000
$
19,000
Finished goods
$
46,000
$
38,000
Additional information:
Raw materials
purchases
$
76,000
Direct labor cost
$
81,000
Manufacturing overhead cost
incurred
$
42,000
Indirect materials included in
manufacturing overhead cost incurred
$
6,000
Manufacturing overhead cost
applied to Work-in-Process
$
44,000
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule...
3.Smith Corporation has provided the following data for the month of December: Inventories: Beginning Ending Raw...
3.Smith Corporation has provided the following data for the
month of December:
Inventories:
Beginning
Ending
Raw materials
$
25,500
$
21,500
Work in process
$
17,500
$
10,500
Finished Goods
$
48,500
$
56,500
Additional information:
Raw materials purchases
$
72,500
Direct labor cost
$
92,500
Manufacturing overhead cost incurred
$
42,550
Indirect materials included in manufacturing overhead cost
incurred
$
4,050
Manufacturing overhead cost applied to Work in Process
$
41,500
Any underapplied or overapplied manufacturing overhead is closed...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most
recent month:
Raw materials, beginning balance
$
25,000
Work in process, beginning balance
$
34,600
Finished Goods, beginning balance
$
52,600
Transactions:
(1)
Raw materials purchases
$
78,200
(2)
Raw materials used in production (all direct materials)
$
78,800
(3)
Direct labor
$
54,600
(4)
Manufacturing overhead costs incurred
$
97,000
(5)
Manufacturing overhead applied
$
74,600
(6)
Cost of units completed and transferred from Work in
Process to Finished...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most
recent month:
Raw materials, beginning balance
$
19,000
Work in process, beginning balance
$
32,200
Finished Goods, beginning balance
$
50,200
Transactions:
(1)
Raw materials purchases
$
79,400
(2)
Raw materials used in production (all direct materials)
$
77,600
(3)
Direct labor
$
52,200
(4)
Manufacturing overhead costs incurred
$
91,000
(5)
Manufacturing overhead applied
$
72,200
(6)
Cost of units completed and transferred from Work in
Process to Finished...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most
recent month:
Raw materials,
beginning balance
$
16,500
Work in process,
beginning balance
$
31,200
Finished Goods,
beginning balance
$
49,200
Transactions:
(1)
Raw materials purchases
$
79,900
(2)
Raw materials used in production (all direct materials)
$
77,100
(3)
Direct labor
$
51,200
(4)
Manufacturing overhead costs incurred
$
88,500
(5)
Manufacturing overhead applied
$
71,200
(6)
Cost of units completed and transferred from Work in
Process to Finished...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance$16,000...
Eppich Corporation has provided the following data for the most
recent month:
Raw materials, beginning balance$16,000
Work in process, beginning balance$31,000
Finished Goods, beginning balance$49,000
Transactions:
(1) Raw materials purchases $80,000
(2)Raw materials used in production (all direct materials)
$77,000
3) Direct labor $51,000
(4) Manufacturing overhead costs incurred $88,000
(5) Manufacturing overhead applied $71,000
(6) Cost of units completed and transferred from Work in Process
to Finished Goods $190,000
(7) Any over applied or under applied manufacturing overhead is...
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