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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 10,300 Purchases 56,500 Available for use
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 10,300 Purchases 56,500 Available for use 66,800 Direct materials used 52,500 Ending 14,300 Work in Process Inventory Debit Credit Beginning 16,400 Direct materials used 52,500 Direct labor 34,100 Overhead 56,500 159,500 Cost of goods manufactured 147,400 Ending 12,100 Finished Goods Inventory Debit Credit Beginning 20,800 Cost of goods manufactured 147,400 Available for sale 168,200 Cost of goods sold 148,500 Ending 19,700 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 aneware in the tube but 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 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
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