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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 11,800 Purchases Available for use Ending 57,500
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 11,800 Purchases Available for use Ending 57,500 69,300 Direct materials used 48,500 20,800 Work in Process Inventory Debit Credit Beginning 15,000 Direct materials used 48,500 Direct labor 27,900 Overhead 58,000 149,400 Cost of goods manufactured 135,500 Ending 13,900 Finished Goods Inventory Debit Credit Beginning Cost of goods manufactured Available for sale. 19,000 135,500 154,500 Cost of goods sold 135,800 Ending 18,700 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 Direct materials: Raw materials available for use Direct materials used Factory overhead: Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 $ 0 0 0 0 Complete this question by entering your answers in the tabs b Required 1 Required 2 Compute cost of goods sold for the year. Cost of goods sold BECK MANUFACTURING Partial Income Statement For Year Ended December 31 Goods available for sale Cost of goods sold 0 $ 0
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