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Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Ending Debit Beginning Direct materials used Direct
Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Ending Debit Beginning Direct materials used Direct labor Overhead Debit Ending Debit Beginning Cost of goods manufactured Available for sale Raw Materials Inventory 10,700 57,500 68,200 21,700 Work in Process Inventory 15,400 46,500 28,300 68,500 158,700 21,700 145,500 167,200 Direct materials used 13,200 Finished Goods Inventory 18,800 Credit Credit Cost of goods manufactured Credit Cost of goods sold 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 46,500 145,500 148,400
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