Exercise 14-15 (Algo) Schedule of cost of goods manufactured and cost of goods sold LO P2 Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning Purchases Available for use 12,900 46,500 59,400 Direct materials used 48,500 Ending 10,900 Work in Process Inventory Debit Credit Beginning 17,000 Direct materials used Direct labor Overhead 48,500 31,500 68,500 165,500 Cost of goods manufactured 151,100 Ending 14,400 Finished Goods Inventory Debit Credit Beginning Cost of goods manufactured 16,600 151,100 Available for sale 167,700 Cost of goods sold 147,200 Ending 20,500 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 Direct materials: For Year Ended December 31 Raw materials available for use Direct materials used Factory overhead: Total manufacturing costs 0 0 0 Total cost of work in process 0 Cost of goods manufactured $ 0 < 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 Cost of goods sold Goods available for sale Cost of goods sold 0 $ 0 Required 1 Required 2