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Exercise 1-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the information below for 2017 Begin.
Exercise 1-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the information below for 2017 Begin. Inv. Purchases Avail. for use 48,000 End. Inv. Raw Materials Inventory 12,400 58,500 70,900 DM used 22,900 Work in Process Inventory 17,000 48,000 29,900 58,500 153, 400 Cost of goods mfg 14,600 Begin. Inv. DM used Direct labor Overhead Avail. for mfg. 138,800 End. Inv. Begin. Inv. Cost of goods mfg Avail. for sale Finished Goods Inventory 20, 200 138,800 159,000 Cost of Goods Sold 19,500 139,500 End. Inv. Required: 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, 2017 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold $ 0 Required 1 Required 2
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