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Beck Manufacturing reports the following information in T-account form for 2019. 48,000 Raw Materials Inventory Begin. Inv. 12,000 Purchases 54,000 Avail. for use 66,000 DM
Beck Manufacturing reports the following information in T-account form for 2019. 48,000 Raw Materials Inventory Begin. Inv. 12,000 Purchases 54,000 Avail. for use 66,000 DM used End. Inv. 18,000 Work in Process Inventory Begin. Inv. 14,400 DM used 48,000 Direct labor 31,900 Overhead 69,500 Manuf. costs 163,800 Cost of goods manuf. End. Inv. 14,100 Finished Goods Inventory Begin. Inv. 20,800 Cost of goods manuf. 149,700 Avail. for sale 170,500 Cost of Goods Sold End. Inv. 19,600 149,700 150,900 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Complete this question by entering your answers in the tabs below. 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 Direct materials $ Direct labor 48,000 31,900 69,500 Factory overhead costs Total manufacturing costs Less: Work in process, ending Total cost of work in process 149,400 14,100 163,500 Cost of goods manufactured $ 163,500 Required 2 > 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 Goods available for sale 0 Cost of goods sold $ 0
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