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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. Raw Materials Inventory Begin. Inv. 12,70 Purchases 57,500 Avail. for use 70,20 DM used 47,500 End. Inv. 22,70 Work in Process Inventory Begin. Inv. 18,082 DM used 47,580 Direct labor 28,780 Overhead 61,080 Manuf. costs 155, 280 Cost of goods manuf. 142,10 End. Inv. 13,100 Begin. Inv. Cost of goods manuf. Avail. for sale Finished Goods Inventory 16,080 142,10 158,182 Cost of Goods Sold 19,700 138, 409 End. Inv. 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 Complete this question by entering your answers in the tabs below. 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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