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Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Debit Ending Beginning Direct materials used Direct
Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Debit Ending Beginning Direct materials used Direct labor Overhead Debit Ending Debit Beginning Cost of goods manufactured Available for sale Raw Materials Inventory 10,000 45,000 55,000 8,500 Work in Process Inventory 14,000 46,500 27,500 55,000 143,000 16,000 131,000 147,000 Direct materials used 12,000 Finished Goods Inventory 18,000 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. 46,500 131,000 129,000
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