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How do I do this? Beck Manufacturing reports the following information in T-accounts for the current year. 51,000 Raw Materials Inventory Debit Credit Beginning 10,500
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Beck Manufacturing reports the following information in T-accounts for the current year. 51,000 Raw Materials Inventory Debit Credit Beginning 10,500 Purchases 54,500 Available for use 65,000 Direct materials used Ending 14,000 Work in Process Inventory Debit Credit Beginning 16, 200 Direct materials used 51,000 Direct labor 32,500 Overhead 68,000 167, 700 Cost of goods manufactured Ending 13, 100 Finished Goods Inventory Debit Credit Beginning 17, 200 Cost of goods manufactured 154,600 Available for sale 171, 800 Cost of goods sold Endina 21,000 154,600 150, 800 Ending 13,100 Finished Goods Inventory Debit Credit Beginning 17, 200 Cost of goods manufactured 154,600 Available for sale 171, 800 Cost of goods sold Ending 21,000 150, 800 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 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale 0 Cost of goods sold $ $ 0 Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Direct labor Raw materials available for use 0 Direct materials used $ 0 Factory overhead: Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0Step by Step Solution
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