Beck Manufacturing reports the following information in T-accounts for the current year.

1. Prepare the schedule of cost of goods manufactured for the year.

2. Compute cost of goods sold for the year.

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Raw Materials Inventory Work in Process Inventory Finished Goods Inventory 14,000 46,500 Beginning 10,000 Beginning Beginning 16,000 DM used Direct labor 27,500 Purchases 45,000 Overhead 55,000 >Cost of goods manuf. 131,000 147,000 Avail. for use 55,000 143,000 Avail. for sale DM* used 46,500- Cost of goods manuf. 131,000- Cost of goods sold 129,000 Ending 8,500 Ending 12,000 Ending 18,000 *DM = Direct materials