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Beck Manufacturing reports the following information in T-accounts for the current year. Debit Beginning Purchases Available for use 50,500 Ending Raw Materials Inventory Credit 11,700
Beck Manufacturing reports the following information in T-accounts for the current year. Debit Beginning Purchases Available for use 50,500 Ending Raw Materials Inventory Credit 11,700 58,500 70,200 Direct materials used 19,700 Work in Process Inventory Credit 15,400 50,500 31,300 58,500 155,700 Cost of goods manufactured 14,300 Debit Beginning Direct materials used Direct labor Overhead 141,400 Ending Finished Goods Inventory Debit Credit Beginning 17,500 Cost of goods manufactured 141,400 Available for sale 158,900 Cost of goods sold Ending 19,400 139,500 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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