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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 10,000
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases Available for use Ending 10,000 45,000 55,000 Direct materials used 46,500 8,500 Work in Process Inventory Debit Credit Beginning 14,000 Direct materials used Direct labor Overhead 46,500 27,500 55,000 143,000 Cost of goods manufactured 131,000 Ending 12,000 Finished Goods Inventory Debit Credit Beginning Cost of goods manufactured 16,000 131,000 Available for sale. 147,000 Cost of goods sold 129,000 Ending 18,000 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
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