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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 11,000 Purchases 54,500 Available for use
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 11,000 Purchases 54,500 Available for use 65,500 Direct materials used 53,000 Ending 12,500 Work in Process Inventory Debit Credit Beginning 14,800 Direct materials used 53,000 Direct labor 32,300 Overhead 62,000 162,100 Cost of goods manufactured 147,300 Ending 14,800 Finished Goods Inventory Debit Credit Beginning 16,300 Cost of goods manufactured 147,300 Available for sale 163,600 Cost of goods sold 143,000 Ending 20,600 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. Beck Manufacturing Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Direct labor $ 32,300 Raw materials available for use 32.300 Add: Raw materials inventory beginning Direct materials used $ 32,300
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