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Beck Manufacturing reports the following information in T-account form for 2019. 46,500 Raw Materials Inventory Begin. Inv. 10,000 Purchases 45,000 Avail. for use 55,000 DM
Beck Manufacturing reports the following information in T-account form for 2019. 46,500 Raw Materials Inventory Begin. Inv. 10,000 Purchases 45,000 Avail. for use 55,000 DM used End. Inv. 8,500 Work in Process Inventory Begin. Inv. 14,000 DM used 46,500 Direct labor 27,500 Overhead 55,000 Manuf. costs 143,000 Cost of goods manuf. End. Inv. 12,000 Finished Goods Inventory Begin. Inv. 16,000 Cost of goods manuf. 131,000 Avail. for sale 147,000 Cost of Goods Sold End. Inv. 18,000 131,000 129,000 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 5 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 10 points Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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 Cost of goods manufactured Less: Cost of goods manufactured Goods available for sale Less: Merchandise inventory, ending Cost of goods sold x S 131,000 16,000 147,000 X 1,470,000 S (1.323,000)
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