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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases Available for use Ending 11,700
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases Available for use Ending 11,700 47,500 59,200 Direct materials used 50,000 9,200 Work in Process Inventory Debit Credit Beginning 14,600 Direct materials used 50,000 Direct labor 29,300 Overhead 55,000 148,900 Cost of goods manufactured 135,100 Ending 13,800 Finished Goods Inventory Debit Credit Beginning 20,200 Cost of goods manufactured Available for sale 135,100 155,300 Cost of goods sold 135,700 Ending 19,600 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 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 Cost of goods sold Goods available for sale Cost of goods sold
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