Question
Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv.12,900Purchases52,000Avail. for use64,900DM used51,500End. Inv.13,400 Work in Process Inventory Begin.
Beck Manufacturing reports the following information in T-account form for 2019.
Raw Materials InventoryBegin. Inv.12,900Purchases52,000Avail. for use64,900DM used51,500End. Inv.13,400Work in Process InventoryBegin. Inv.17,800DM used51,500Direct labor33,500Overhead57,500Manuf. costs160,300Cost of goods manuf.147,200End. Inv.13,100Finished Goods InventoryBegin. Inv.17,800Cost of goods manuf.147,200Avail. for sale165,000Cost of Goods Sold146,700End. Inv.18,300
Required:
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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