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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 10,900 Purchases 50,500 Available for use
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 10,900 Purchases 50,500 Available for use 61,400 Direct materials used' 48,500 Ending 12,900 Work in Process Inventory Debit Credit Beginning 16,600 Direct materials used 48,500 Direct labor 31,700 Overhead 61,000 157,800 Cost of goods manufactured 144,000 Ending 13,800 Finished Goods Inventory Debit Credit Beginning Cost of goods manufactured 16,300 144,000 Available for sale 160,300 Cost of goods sold 141,600 Ending. 18,700 1. Prepare the schedule of cost of goods manufactured f 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 < Prev HO ok 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. ht int Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. Direct materials: rences Beck Manufacturing Schedule of Cost of Goods Manufactured For Year Ended December 31 Raw materials inventory, beginning Raw materials available for use Add: Raw materials inventory, ending Direct materials used Factory overhead: Total manufacturing costs $ 0 0 Total cost of work in process 0 Cost of goods manufactured i $ 0 C Required 1 Required 2 > Finis Debit Beginning 16,300 Cost of goods manufactured Available for sale 144,000 160,300 Cost of goods sold Ending 18,700 Credit 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. ht Required 1 Required 2 ences. Compute cost of goods sold for the year. Cost of goods sold BECK MANUFACTURING Partial Income Statement For Year Ended December 31 Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold < Required 1 0
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