Beck Manufacturing reports the following information in T-account form for 2019. 52,500 Raw Materials Inventory...
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Beck Manufacturing reports the following information in T-account form for 2019. 52,500 Raw Materials Inventory Begin. Inv. 10,200 Purchases 58,000 Avail. for use 68,200 DM used End. Inv. 15,700 Work in Process Inventory Begin. Inv. 14,600 DM used 52,500 Direct labor 28,700 Overhead 64,000 Manuf. costs 159,800 Cost of goods manuf. End. Inv. 12,000 Finished Goods Inventory Begin. Inv. 21,700 Cost of goods manuf. 147,800 Avail. for sale 169,500 Cost of Goods Sold End. Inv. 18,600 147,800 150,900 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 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 Direct materials 0 Total manufacturing costs Add: Work in process, beginning Total cost of work in process Less: Work in process, ending Cost of goods manufactured 0 $ $ 0 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold 0 $ 0
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