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.	11,500
Purchases	54,000
Avail. for use	65,500
		DM used	49,500
End. Inv.	16,000

Work in Process Inventory
Begin. Inv.	16,200
DM used	49,500
Direct labor	27,900
Overhead	59,000
Avail. for mfg.	152,600
		Cost of goods mfg	140,000
End. Inv.	12,600

Finished Goods Inventory
Begin. Inv.	20,800
Cost of goods mfg	140,000
Avail. for sale	160,800
		Cost of Goods Sold	141,600
End. Inv.	19,200

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	$

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