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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases 11,500 57,000 Available for use Ending
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases 11,500 57,000 Available for use Ending 68,500 Direct materials used 49,500 19,000 Work in Process Inventory Debit Credit Beginning 16,000 Direct materials used 49,500 Direct labor 29,700 Overhead 62,500 157,700 Cost of goods manufactured 143,000 Ending 14,700 Finished Goods Inventory Debit Credit Beginning 19,600 Cost of goods manufactured 143,000 Available for sale 162,600 Cost of goods sold 144,100 Ending 18,500 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. Ending 000 Cost of goods sold 144,100 18,500 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. Cost of goods sold BECK MANUFACTURING Partial Income Statement For Year Ended December 31 Goods available for sale Cost of goods sold Required 1 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 Required 1 Required 2 >
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