Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 10,700 Purchases Available for use 58,500 69,200 Direct materials used 50,500 Ending 18,700 Work in Process Inventory Debit Credit Beginning Direct labor 17,400 Direct materials used 50,500 33,500 Overhead 69,000 170,400 Cost of goods manufactured 156,500 Ending 13,900 Finished Goods Inventory Debit Credit Beginning 21,400 Cost of goods manufactured Available for sale 156,500 177,900 Cost of goods sold 159,000 Ending 18,900 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.