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Beck Manufacturing reports the following information in T-accounts for the current year. Debit Beginning Purchases Available for use 51,500 Ending Debit Beginning Direct materials used
Beck Manufacturing reports the following information in T-accounts for the current year. Debit Beginning Purchases Available for use 51,500 Ending Debit Beginning Direct materials used Direct labor Overhead Raw Materials Inventory Credit 13,000 53,500 66,500 Direct materials used 15,000 Work in Process Inventory Credit 14,200 51,500 29,700 62,500 157,900 Cost of goods manufactured 13,300 Finished Goods Inventory Credit 20,200 144,600 164,800 Cost of goods sold 20,500 144,600 Ending Debit Beginning Cost of goods manufactured Available for sale 144,300 Ending 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 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 Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold
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