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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
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. 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 11,500 48,500 60,000 7,000 Work in Process Inventory 16,600 53,000 33,900 58,000 161,500 15,000 16,300 146,500 162,800 Direct materials used Finished Goods Inventory 18,400 Credit Credit Cost of goods manufactured Credit Cost of goods sold 53,000 146,500 144,400
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