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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. 51,000 Raw Materials Inventory Begin. Inv. 10,100 Purchases 49,000 Avail. for use 59,100 DM used End. Inv. 8,100 Work in Process Inventory Begin. Inv. 15,000 DM used 51,000 Direct labor 30, 300 Overhead 61,000 Manuf. costs 157,300 Cost of goods manuf. End. Inv. 14,100 Finished Goods Inventory Begin. Inv. 18,100 Cost of goods manuf. 143,200 Avail. for sale 161,300 Cost of Goods Sold End. Inv. 19,200 143,200 142, 100 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 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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