Beck Manufacturing Reports The Following Information In T Accounts For The Current Year Raw Materials Inventory Beginni 1 (38.58 KiB) Viewed 31 times
Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Beginning Purchases Available for use Ending Debit Ending Debit Beginning Direct material: used Direct labor Overhead Debit Beginning Cost of goods manufactured Available for sale 10,000 45,000 55,000 8,500 Work in Process Inventory 14,000 46,500 27,500 55,000 143,000 16,000 131,000 147,000 Direct materials used 12,000 Finished Goods Inventory 18,000 Credit Credit Cost of goods manufactured Credit Cost of goods sold Ending 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 46,500 131,000 129,000
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 Direct materials: Direct labor Raw materials available for use Direct materials used Factory overhead: Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 1 $ 0 Till $ 0 Required 2 >
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 Cost of goods sold $ < Required 1 0 0 Required 2 >
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