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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
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. Begin. Inv. Purchases Raw Materials Inventory 10,600 Avail. for use 45,500 56,100 DM used. 51,500 4,600 End. Inv. Begin. Inv. DM used Direct labor Overhead Manuf. costa Work in Process Inventory 14,600 51,500 33,300 69,000 168,400 Cost of goods manuf. 154,000 End. Inv. 14,400 Finished Goods Inventory Begin. Inv. 16,300 Cost of goods manuf. 154,000 170,300 Avail. for sale End. Inv. Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Cost of Goods Sold 151,300 19,000
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