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2 (15 points) The following cost and inventory data were taken from the records of the Beca Company for the year 2022: Costs incurred: Depreciation,
2 (15 points) The following cost and inventory data were taken from the records of the Beca Company for the year 2022: Costs incurred: Depreciation, factory equipment 24,000 Depreciation, office equipment 7,500 Indirect materials 12,100 Maintenance, factory equipment 18,900 Utilities, factory 8,400 Sales commissions 29,000 Factory supervision 54,500 Rent, factory building 62,000 Purchases of direct materials (net) 124,000 Direct labor cost 91,000 Advertising expense 47,000 Sales 615,000 Inventories: January 1, 2022 December 31,2022 Direct Materials 10,200 11,700 Work in Process 16,900 21,000 Finished goods 46,000 24,000 Required: (a) Show computation of direct materials used in production for 2022 (b) Show the schedule and compute the cost of goods manufactured for 2022. (c) Prepare a cost of goods sold statement/schedule for 2022. (d) Prepare an income statement for 2022
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