Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2

Beck Manufacturing reports the information below for 2017.

Raw Materials Inventory
Begin. Inv.	11,100
Purchases	48,500
Avail. for use	59,600
		DM used	52,500
End. Inv.	7,100

Work in Process Inventory
Begin. Inv.	14,600
DM used	52,500
Direct labor	30,300
Overhead	66,500
Avail. for mfg.	163,900
		Cost of goods mfg	149,600
End. Inv.	14,300

Finished Goods Inventory
Begin. Inv.	18,700
Cost of goods mfg	149,600
Avail. for sale	168,300
		Cost of Goods Sold	148,900
End. Inv.	19,400

Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

BECK MANUFACTURING
Schedule of Cost of Goods Manufactured
For Year Ended December 31, 2017
Total manufacturing costs	0
Total cost of work in process	0
Cost of goods manufactured	$0

BECK MANUFACTURING
Partial Income Statement
For Year Ended December 31, 2017
Cost of goods sold
Goods available for sale	0
Cost of goods sold	$0