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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases 10,200 45,500 Available for use
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases 10,200 45,500 Available for use 55,700 Direct materials used 53,000 Ending 2,700 Work in Process Inventory Debit Credit Beginning 14,600 Direct materials used 53,000 Direct labor 30,900 Overhead 62,000 160,500 Cost of goods manufactured 147,200 Ending 13,300 Finished Goods Inventory Debit Credit Beginning 19,300 Cost of goods manufactured 147,200 Available for sale 166,500 Cost of goods sold 148,300 Ending 18,200 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. Direct materials: Beck Manufacturing Schedule of Cost of Goods Manufactured For Year Ended December 31 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 > 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 Cost of goods sold For Year Ended December 31 Goods available for sale Cost of goods sold < Required 1 Required 2
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