Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Beck Manufacturing reports the following information In T-account form for 2019. Begin. Inv. Purchases Avail. for use 47, mee End. Inv. Raw Materials Inventory 10,300
Beck Manufacturing reports the following information In T-account form for 2019. Begin. Inv. Purchases Avail. for use 47, mee End. Inv. Raw Materials Inventory 10,300 48,000 58,300 DM used 11,3ee Work in Process Inventory 14,200 47,00 33,300 61,580 156,00 Cost of goods manuf. 14,600 Begin. Inv. DM used Direct labor Overhead Manuf. costs 141,400 End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale Finished Goods Inventory 19,00 141,480 160,400 Cost of Goods sold 20,100 140,300 End. Inv. 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 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured 0 Beck Manufacturing reports the following information in T-account form for 2019. Begin. Inv. Purchases Avail. for use 47,eee End. Inv. Raw Materials Inventory 10,300 48,888 58,300 DM used 11,300 Work in Process Inventory 14, 20e 47,800 33,300 61,500 156,800 Cost of goods manuf. 14,600 Begin. Inv. DM used Direct labor Overhead Manuf. costs 141,400 End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale Finished Goods Inventory 19,000 141,490 160,400 Cost of Goods Sold 20,180 140,300 End. Inv. 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 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
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