Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Beck Manufacturing reports the following information in T-account form for 2019. 48,500 Raw Materials Inventory Begin. Inv. 11,400 Purchases 54,500 Avail. for use 65,900 DM
Beck Manufacturing reports the following information in T-account form for 2019. 48,500 Raw Materials Inventory Begin. Inv. 11,400 Purchases 54,500 Avail. for use 65,900 DM used End. Inv. 17,400 Work in Process Inventory Begin. Inv. 14,400 DM used 48,500 Direct labor 31,700 Overhead 57,000 Manuf. costs 151,600 Cost of goods manuf. End. Inv. 12,700 Finished Goods Inventory Begin. Inv. 19,300 Cost of goods manuf. 138,900 Avail. for sale 158,200 Cost of Goods Sold End. Inv. 20,600 138,900 137,600 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 1 Required 2 > Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Required 1 Required 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started