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Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the following information in T-account form
Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the following information in T-account form for 2019. 48,500 Raw Materials Inventory Begin. Inv. 12,400 Purchases 48,000 Avail. for use 60,400 DM used End. Inv. 11,900 Work in Process Inventory Begin. Inv. 15,200 DM used 48,500 Direct labor 34,900 Overhead 61,000 Manuf. costs 159,600 Cost of goods manuf. End. Inv. 12,200 Finished Goods Inventory Begin. Inv. 21,100 Cost of goods manuf. 147,400 Avail. for sale 168,500 Cost of Goods Sold End. Inv. 19,500 147, 400 149,000 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 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, 2019 Total manufacturing costs Total cost of work in process Cost of goods manufactured Required Required 2 Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold
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