Beck Manufacturing reports the information below for 2015. Raw Materials Inventory Begin. Inv. 10,000 +...
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Accounting
Beck Manufacturing reports the information below for 2015. Raw Materials Inventory Begin. Inv. 10,000 + Purchases 45,000 Avail for use 55,000 Materials used 46,500 End. Inv. 8,500 Work in Process Inventory Begin. Inv. 14,000 Materials 46,500 Labor 27,500 Overhead 55,000 Avail for mfg. 143,000 Cost of goods mfg. 131,000 End. Inv. 12,000 Finished Goods Inventory Begin. Inv. 16,000 Cost of goods mgs 131,000 Avail for sale 147,000 Cost of Goods Sold 129,000 End. Inv. 18,000 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.
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