Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Beck Manufacturing reports the following information in T-accounts for the current year. Debit Beginning Purchases Available for use 48,000 Ending Debit Beginning DM used Direct
Beck Manufacturing reports the following information in T-accounts for the current year. Debit Beginning Purchases Available for use 48,000 Ending Debit Beginning DM used Direct labor Overhead Raw Materials Inventory Credit 10,200 54,000 64,200 DM used 16,200 Work in Process Inventory Credit 17,400 48,000 32,300 56,500 154,200 Cost of goods manufactured 13,600 Finished Goods Inventory Credit 21,100 140,600 161,700 Cost of goods sold 20,900 140,600 Ending Debit Beginning Cost of goods manufactured Available for sale 140, 800 Ending 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: 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 0 Cost of goods sold $ 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started